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:
“I am always glad to think that my education was, for the most part, informal, and had not the slightest reference to a future business career. It left me free and untrammeled to approach my business problems without the limiting influence of specific training.”
—Alice Foote MacDougall (1867–1945)
“I approach these questions unwillingly, as it wounds, but no cure can be effected without touching upon and handling them.”
—Titus Livius (Livy)
“There is no calm philosophy of life here, such as you might put at the end of the Almanac, to hang over the farmer’s hearth,—how men shall live in these winter, in these summer days. No philosophy, properly speaking, of love, or friendship, or religion, or politics, or education, or nature, or spirit; perhaps a nearer approach to a philosophy of kingship, and of the place of the literary man, than of anything else.”
—Henry David Thoreau (1817–1862)