Approach
This approach allows fiduciaries to utilize modern portfolio theory to guide investment decisions and requires risk versus return analysis. Therefore, a fiduciary's performance is measured on the performance of the entire portfolio, rather than individual investments.
Read more about this topic: Uniform Prudent Investor Act
Famous quotes containing the word approach:
“Every man alone is sincere. At the entrance of a second person, hypocrisy begins. We parry and fend the approach of our fellow-man by compliments, by gossip, by amusements, by affairs. We cover up our thought from him under a hundred folds.”
—Ralph Waldo Emerson (1803–1882)
“So live that when thy summons comes to join
The innumerable caravan that moves
To that mysterious realm, where each shall take
His chamber in the silent halls of death,
Thou go not, like the quarry-slave at night,
Scourged to his dungeon, but, sustained and soothed
By an unfaltering trust, approach thy grave
Like one who wraps the drapery of his couch
About him and lies down to pleasant dreams.”
—William Cullen Bryant (1794–1878)
“I approach these questions unwillingly, as it wounds, but no cure can be effected without touching upon and handling them.”
—Titus Livius (Livy)