Mass-market producers cannot afford sustained losses.
The district court had no authority to approve the settlement of a class that included members that had not sustained losses at all, or had sustained losses unrelated to the oil spill, as BP alleges.
However, loss aversion promotes caution only when people are considering gains; once people have sustained losses, impulses change dramatically.
"The district court had no authority to approve the settlement of a class that included members that had not sustained losses at all, or had sustained losses unrelated to the oil spill as BP alleges," the court ruled.
A long-time stockbroker, Mr Madoff's deception reportedly began after he sustained losses on a trade in 1962.
This year's gains is a welcome turnaround for RIEF's investors, who sustained losses in 2007, 2008 and 2009.
With sustained losses in stocks, investors could be using gold as it was meant to be used — to raise cash.
That irked many small investors who had not received the guidance and sustained losses in their Facebook shares.
Last week, the British press reported that the company sustained losses of nearly $8 million last year, nearly double the $4.7 million deficit of the previous year.
Overall in 2002, the FT Group's internet enterprises sustained losses of £34m with half of that accounted for by FT.com, according to Dame Marjorie.
In 1992, the board shut down an ill-fated television venture, the Monitor Channel, which sustained losses estimated at $300 million.
