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)
“Oh! mystery of man, from what a depth
Proceed thy honours. I am lost, but see
In simple childhood something of the base
On which thy greatness stands; but this I feel,
That from thyself it comes, that thou must give,
Else never canst receive. The days gone by
Return upon me almost from the dawn
Of life: the hiding-places of man’s power
Open; I would approach them, but they close.”
—William Wordsworth (1770–1850)
“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)