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:
“Saints are simply men & women who have fulfilled their natural obligation which is to approach God.”
—Evelyn Waugh (1903–1966)
“Weaving spiders, come not here;
Hence, you longlegged spinners, hence!
Beetles black approach not near;
Worm nor snail, do no offence.”
—William Shakespeare (1564–1616)
“A novel which survives, which withstands and outlives time, does do something more than merely survive. It does not stand still. It accumulates round itself the understanding of all these persons who bring to it something of their own. It acquires associations, it becomes a form of experience in itself, so that two people who meet can often make friends, find an approach to each other, because of this one great common experience they have had ...”
—Elizabeth Bowen (1899–1973)