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Prudent Man Rule

A fundamental principle for professional money management which serves as a basis for the Prudent Investor Act. The principle is based on a statement by Judge Samuel Putnum in 1830: "Those with the responsibility to invest money for others should act with prudence, discretion, intelligence and regard for the safety of capital as well as income."

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Finance & Investment

Categoría: Business

Cantidad total de términos: 319

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  • kirb
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