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Money
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Samuelson, however, hedged his personal bets - by putting some of his own money in Berkshire Hathaway.
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For reasons mathematical, psychological, and sociological, it is a good idea to use a money management system that is relatively forgiving of estimation errors.
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Bernoulli's real contribution was to coin a word. The word has been translated into English as "utility". It describes this subjective value people place on money.
William Poundstone
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The first duty towards children is to make them happy. If you have not made them so, you have wronged them. No other good they may get can make up for that.
Charles Buxton
William Poundstone
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