The Prudent Man Rule

All that can be required of a trustee to invest is, that he shall conduct himself faithfully and exercise a sound discretion.  He is to observe how men of prudence, discretion and intelligence manage their own affairs, not in regard to speculation, but in regard to the permanent disposition of their funds, considering the probable income, as well as the probably safety of the capital to be invested.

Samuel Putnam

Comments

Leave a Reply