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    schema:abstract "This article introduces a new passive weighting methodology for diversifying business risk: functional information system (FIS)–based stratified weighting. The FIS-based stratified-weight approach effectively diversifies related business risk (RBR), such as supply chain dynamics, customer groups, product types, or other operational attributes that affect groups of companies that share common earnings drivers. The proposed methodology addresses overconcentrations of business risk that regularly occur in capitalization-weighted or equal-weighted indexes. This approach maintains a diversified weighting of an index’s underlying business risks by allocating constituents to specific RBR groupings, defined using FIS classification, and then fixing the weight of each group via stratification. The motivation behind this methodology is the fact that stock performance is the result of business performance and diversifying business performance is the ultimate goal of a diversified equity index. The authors demonstrate the performance benefit of stratified-weighted versions of the S&P 500 and S&P MidCap 400 indexes over traditional market capitalization weighting and equal weighting, especially following periods of economic stress. They find that FIS-based stratified-weight indexes deliver consistent and significantly higher returns relative to standard capitalization-weighted market indexes and equal-weighted indexes (on average, 389 bps per annum for the S&P 500 and 175 bps per annum for the S&P 500 equal weight), while exhibiting comparable beta and volatility. This article proposes that these results are robust and are not related to the choice of the universe or to particular market conditions." ;
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    schema:description "This article introduces a new passive weighting methodology for diversifying business risk: functional information system (FIS)–based stratified weighting. The FIS-based stratified-weight approach effectively diversifies related business risk (RBR), such as supply chain dynamics, customer groups, product types, or other operational attributes that affect groups of companies that share common earnings drivers. The proposed methodology addresses overconcentrations of business risk that regularly occur in capitalization-weighted or equal-weighted indexes. This approach maintains a diversified weighting of an index’s underlying business risks by allocating constituents to specific RBR groupings, defined using FIS classification, and then fixing the weight of each group via stratification. The motivation behind this methodology is the fact that stock performance is the result of business performance and diversifying business performance is the ultimate goal of a diversified equity index. The authors demonstrate the performance benefit of stratified-weighted versions of the S&P 500 and S&P MidCap 400 indexes over traditional market capitalization weighting and equal weighting, especially following periods of economic stress. They find that FIS-based stratified-weight indexes deliver consistent and significantly higher returns relative to standard capitalization-weighted market indexes and equal-weighted indexes (on average, 389 bps per annum for the S&P 500 and 175 bps per annum for the S&P 500 equal weight), while exhibiting comparable beta and volatility. This article proposes that these results are robust and are not related to the choice of the universe or to particular market conditions." ;
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    schema:abstract """In An Index Methodology for Diversifying Business Risk, published in The Journal of Index Investing, Rory Riggs and Jonathan Chandler, both of Syntax, LLC, and Mark T. Finn, of Vantage Consulting Group, introduce a methodology for constructing an equity index in which the weight assigned to each component is determined by reference to the nature of the business risks to which it is exposed. The methodology uses the technique of statistical stratification to maximize the index’s diversification across different categories of business risks.

Using the populations of the S&P 500 and the S&P MidCap 400 indexes, the authors compare the performance of stratified indexes created using their methodology to both market-capitalization-weighted and equal-weighted indexes comprising the same components. They find that the stratified indexes delivered higher returns and higher Sharpe ratios than the others.""" ;
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Using the populations of the S&P 500 and the S&P MidCap 400 indexes, the authors compare the performance of stratified indexes created using their methodology to both market-capitalization-weighted and equal-weighted indexes comprising the same components. They find that the stratified indexes delivered higher returns and higher Sharpe ratios than the others.""" ;
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    schema:abstract "Cibus named #2 Most Innovative Company in agriculture for 2024, with a quote from Riggs." ;
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    schema:description "Cibus named #2 Most Innovative Company in agriculture for 2024, with a quote from Riggs." ;
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    schema:description "UHF is proud to present the 2024 Health Care Leadership Award to Margaret Crotty and Rory Riggs, for their important work at the intersection of health care, public health, and biotechnology" ;
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    schema:description """In her junior year at Middlebury, she founded TEDxMiddlebury, a local chapter of the TED Conference. A full year of planning went into the event, from designing the website to timing out the cookie breaks. The first event featured 16 speakers, most of them Middlebury alums. During the after-party, Cloe received a phone call. It was Rory Riggs ’75, the founder of an analytics company and a longtime TED Conference attendee.'He was calling from a mountain,' Cloe told me. 'I think it was Kilimanjaro.'

Riggs was actually hiking in Jordan and had been tuning into a livestream of the event. On the phone call he offered to cover all of Cloe’s expenses to attend the 2011 TEDActive in Palm Springs. It was an act of extreme generosity that changed her life.""" ;
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    schema:abstract "Coverage of an open letter authored by Riggs as Royalty Pharma Chairman to the Elan board." ;
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    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Economic Twin" ;
    schema:termCode "coined, 2026" .

<https://theroryriggs.com/#definedterm-enterprise-barcode> a schema:DefinedTerm ;
    schema:description "The twenty-locus barcode capturing a company's product line and every Economic System connected to it — the model's principal commercial artifact." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Enterprise Barcode" ;
    schema:termCode "coined, 2013" .

<https://theroryriggs.com/#definedterm-fis-coordinates> a schema:DefinedTerm ;
    schema:description "The applied coordinate values assigned to each business, job, and product, identifying its functional role, position, and attributes in the economy." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "FIS Coordinates" ;
    schema:termCode "coined, 2017" .

<https://theroryriggs.com/#definedterm-functional-address> a schema:DefinedTerm ;
    schema:description "The three-part identifier of any economic part: what the job does, what it produces, and where it sits in the functional order of work. Introduced in the forthcoming book Virtual Economics." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Functional Address" ;
    schema:termCode "coined, 2026" .

<https://theroryriggs.com/#definedterm-functional-classification-systems> a schema:DefinedTerm ;
    schema:description "Inventor of the coordinate-based Locus Model and Functional Information System for classifying economic activity by function rather than conventional industry category." ;
    schema:name "Functional classification systems" ;
    schema:termCode "thought leader" .

<https://theroryriggs.com/#definedterm-functional-coordinates> a schema:DefinedTerm ;
    schema:description "The coordinate system that locates any economic activity or resource by what it does and where it falls in the order of work, parallel to latitude/longitude in space and date/hour in time. Patent-backed (US 9,910,910; US 10,019,509)." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Functional Coordinates" ;
    schema:termCode "coined, 2013" .

<https://theroryriggs.com/#definedterm-functional-information-system-fis> a schema:DefinedTerm ;
    schema:description "The system that augments economic and financial data with standardized functional references, making business, employment, product, and service data unified, searchable, and stable across time and geography. Patent-backed (US 8,990,268; US 9,098,564; US 9,361,358)." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Functional Information System (FIS)" ;
    schema:termCode "coined, 2014" .

<https://theroryriggs.com/#definedterm-functional-location> a schema:DefinedTerm ;
    schema:description "The position an economic element occupies in functional space, determined by what it does rather than where or when it operates. Patent-backed (US 11,657,026; US 12,242,431)." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Functional Location" ;
    schema:termCode "coined, 2014" .

<https://theroryriggs.com/#definedterm-functional-proximity> a schema:DefinedTerm ;
    schema:description "The measured distance between two functional locations, enabling comparison across otherwise unrelated entities." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Functional Proximity" ;
    schema:termCode "coined, 2014" .

<https://theroryriggs.com/#definedterm-functional-query> a schema:DefinedTerm ;
    schema:description "The retrieval method in which entities are found by functional coordinate rather than keyword, returning complete functional populations instead of name matches." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Functional Query" ;
    schema:termCode "coined, 2017" .

<https://theroryriggs.com/#definedterm-functional-space> a schema:DefinedTerm ;
    schema:description "The n-dimensional space in which functional locations are computed, compared, and traversed. Patent-backed (US 12,242,431)." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Functional Space" ;
    schema:termCode "coined, 2014" .

<https://theroryriggs.com/#definedterm-functional-trajectory> a schema:DefinedTerm ;
    schema:description "The computed path an element traces through functional locations over time. Patent-backed (US 11,151,096)." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Functional Trajectory" ;
    schema:termCode "coined, 2017" .

<https://theroryriggs.com/#definedterm-functional-twins> a schema:DefinedTerm ;
    schema:description "The accurate functional representations that mirror real-world resources and activities inside the model." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Functional Twins" ;
    schema:termCode "coined, 2026" .

<https://theroryriggs.com/#definedterm-index-construction-and-portfolio-classification> a schema:DefinedTerm ;
    schema:description "Built the Syntax Stratified Indices, benchmark indices constructed on functional rather than conventional sector classification." ;
    schema:name "Index construction and portfolio classification" ;
    schema:termCode "expert" .

<https://theroryriggs.com/#definedterm-labor-barcode> a schema:DefinedTerm ;
    schema:description "The four-field barcode capturing a job's functional role in the economy." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Labor Barcode" ;
    schema:termCode "coined, 2019" .

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    schema:description "The base unit of economic activity: a single pairing of an activity with the resources required to produce its output, which together fix the activity's position in economic space." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Locus" ;
    schema:termCode "coined, 2013" .

<https://theroryriggs.com/#definedterm-locus-functional-markers> a schema:DefinedTerm ;
    schema:description "The coded functional references derived from the Production System Model and assigned to entities in the FIS database." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Locus Functional Markers" ;
    schema:termCode "coined, 2017" .

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    schema:description "The formal language of the model, in which activities function as verbs, resources as nouns, and a locus is a complete sentence describing real economic phenomena." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Locus Language" ;
    schema:termCode "coined, 2019" .

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    schema:description "A theoretical framework that defines the internal parts and processes of any product-producing system, giving every activity and resource a functional identity and an ordered position." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Locus Model" ;
    schema:termCode "coined, 2013" .

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    schema:description "The comprehensive systems theory of all activities and resources used in an economy, stated in two branches: the Locus Theory of Economic Systems and the Locus Theory of People." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Locus Theory" ;
    schema:termCode "coined, 2019" .

<https://theroryriggs.com/#definedterm-mergers-and-acquisitions> a schema:DefinedTerm ;
    schema:description "Managing Director in M&A at PaineWebber, 1981–1990." ;
    schema:name "Mergers and acquisitions" ;
    schema:termCode "advanced" .

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    schema:description "The stable, invariant sequence of positions that every ongoing economic system must fill, independent of geography, culture, technology, or era." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Natural Functional Order" ;
    schema:termCode "coined, 2026" .

<https://theroryriggs.com/#definedterm-pharmaceutical-royalty-finance> a schema:DefinedTerm ;
    schema:description "Founded and built Royalty Pharma into the world's largest acquirer of pharmaceutical royalties, helping create the category as an investable asset class." ;
    schema:name "Pharmaceutical royalty finance" ;
    schema:termCode "expert" .

<https://theroryriggs.com/#definedterm-precision-gene-editing-agricultural-biotechnology> a schema:DefinedTerm ;
    schema:description "Led Cibus's application of production-system methodology to plant biology through the Rapid Trait Development System." ;
    schema:name "Precision gene editing / agricultural biotechnology" ;
    schema:termCode "expert" .

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    schema:description "The model identifying and defining the parts and processes necessary to produce a product, from which functional markers are derived." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Production System Model" ;
    schema:termCode "coined, 2017" .

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    schema:description "Cibus's precision gene-editing platform for agricultural trait development, applying production-system methodology to plant biology." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
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    schema:termCode "used extensively" .

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    schema:description "The index-construction methodology underlying the Syntax Stratified Indices, grouping securities by functional attribute rather than conventional sector classification." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Stratified Weighting" ;
    schema:termCode "used extensively" .

<https://theroryriggs.com/#definedterm-structural-resources> a schema:DefinedTerm ;
    schema:description "Resources used by performing a task directly and physically persistent, ready without transformation — comprising people, space, and equipment." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Structural Resources" ;
    schema:termCode "coined, 2019" .

<https://theroryriggs.com/#definedterm-subject-resource-role> a schema:DefinedTerm ;
    schema:description "The five functional contributions a subject resource can make in production: space-infrastructure, operator, direction, financial capacity, and power." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Subject Resource Role" ;
    schema:termCode "coined, 2019" .

<https://theroryriggs.com/#definedterm-supporting-resources> a schema:DefinedTerm ;
    schema:description "Resources consumed in enabling a structural resource to perform — comprising information, money, and energy." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Supporting Resources" ;
    schema:termCode "coined, 2019" .

<https://theroryriggs.com/#definedterm-systems-economics> a schema:DefinedTerm ;
    schema:description "The field designation for the study of economies as living systems composed of repeating, ordered functional activities and the resources that staff them." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Systems Economics" ;
    schema:termCode "coined, 2019" .

<https://theroryriggs.com/#definedterm-systems-syntax> a schema:DefinedTerm ;
    schema:description "The logical data model on which a representation of a functional system is constructed." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Systems Syntax" ;
    schema:termCode "coined, 2017" .

<https://theroryriggs.com/#definedterm-terminality> a schema:DefinedTerm ;
    schema:description "The property determining where a chain of product usage stops — the point at which a Work Group reaches the customer's Central Department Cycle and the sequence terminates." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Terminality" ;
    schema:termCode "coined, 2019" .

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    schema:description "The three-coordinate reference frame of time, space, and function, in which function supplies the 'what' that time and space cannot." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "The Functional Triad" ;
    schema:termCode "coined, 2026" .

<https://theroryriggs.com/#definedterm-theory-of-economic-systems> a schema:DefinedTerm ;
    schema:description "The generalized systems theory of all activities and resources used in an economy, from which the Locus Model is built." ;
    schema:inDefinedTermSet <https://theroryriggs.com/#termset> ;
    schema:name "Theory of Economic Systems" ;
    schema:termCode "coined, 2019" .

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    schema:description "Managing Member of Balfour Venture Partners." ;
    schema:name "Managing Member" .

<https://theroryriggs.com/#occupation-biomatrix-inc-president-cfo-and-director> a schema:Occupation ;
    schema:description "President, CFO, and Director of BioMatrix, overseeing the launch of Synvisc, a viscosupplementation treatment." ;
    schema:name "President, CFO, and Director" .

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    schema:hasOccupation <https://theroryriggs.com/#occupation-biomatrix-inc-president-cfo-and-director> ;
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<https://theroryriggs.com/#occupation-cibus-inc-chairman-of-the-board> a schema:Occupation ;
    schema:description "Transitioned from Chief Executive Officer to Chairman of the Board in June 2026 as Craig Wichner became CEO." ;
    schema:name "Chairman of the Board" .

<https://theroryriggs.com/#occupation-cibus-inc-chairman-of-the-board-role> a schema:Role ;
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    schema:roleName "Chairman of the Board at Cibus Inc." ;
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<https://theroryriggs.com/#occupation-cibus-inc-chief-executive-officer> a schema:Occupation ;
    schema:description "Co-founder and CEO of Cibus, the leading precision gene-editing company for agriculture. Applied the Locus Model's functional-systems approach to plant biology through the Rapid Trait Development System (RTDS)." ;
    schema:name "Chief Executive Officer" .

<https://theroryriggs.com/#occupation-cibus-inc-chief-executive-officer-role> a schema:Role ;
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    schema:hasOccupation <https://theroryriggs.com/#occupation-cibus-inc-chief-executive-officer> ;
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<https://theroryriggs.com/#occupation-ereceivables-llc-chair> a schema:Occupation ;
    schema:description "Chair of eReceivables, a healthcare service technology company." ;
    schema:name "Chair" .

<https://theroryriggs.com/#occupation-nucelis-inc-chairman> a schema:Occupation ;
    schema:description "Chairman of Nucelis Inc." ;
    schema:name "Chairman" .

<https://theroryriggs.com/#occupation-painewebber-inc-managing-director-mergers-acquisitions> a schema:Occupation ;
    schema:description "Managing Director in the mergers and acquisitions group at PaineWebber." ;
    schema:name "Managing Director, Mergers & Acquisitions" .

<https://theroryriggs.com/#occupation-painewebber-inc-managing-director-mergers-acquisitions-role> a schema:Role ;
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    schema:hasOccupation <https://theroryriggs.com/#occupation-painewebber-inc-managing-director-mergers-acquisitions> ;
    schema:roleName "Managing Director, Mergers & Acquisitions at PaineWebber Inc." ;
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    schema:description "CEO of RF&P, a real estate investment company owned by the Virginia State Retirement System." ;
    schema:name "Chief Executive Officer" ;
    schema:occupationLocation <https://theroryriggs.com/#occupation-rfp-corporation-chief-executive-officer-location> .

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    schema:description "General Partner and co-founder of Scientia Ventures." ;
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