Wanna Know Who Died?

[Stock]

"Concentrated power is not rendered harmless by the good intentions of those who create it."

Milton Friedman
(07/31/1912 – 11/16/2006)
US economist



http://www.born-today.com/Today/d11-16.htm

For all sub-penny stock traders:

http://cepa.newschool.edu/het/essays/uncert/aversion.htm

The Friedman-Savage utility function is the theory that Milton Friedman and Leonard J. Savage put forth in their 1948 paper [1], which argued that the curvature of an individual's utility function differs based upon the amount of wealth the individual has. This curving utility function would thereby explain why an individual is risk-loving when he has less wealth (e.g., by playing the lottery) and risk-averse when he is wealthier (e.g., by buying insurance).