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 maintain that Truth is a pathless land, and you cannot approach it by any path whatsoever, by any religion, by any sect.”
—Jiddu Krishnamurti (1895–1986)
“The minute you try to talk business with him he takes the attitude that he is a gentleman and a scholar, and the moment you try to approach him on the level of his moral integrity he starts to talk business.”
—Raymond Chandler (1888–1959)
“... the ordinary is simply the universal observed from the surface, that the direct approach to reality is not without, but within. Touch life anywhere ... and you will touch universality wherever you touch the earth.”
—Ellen Glasgow (1873–1945)