PRUDENT MAN RULE
\pɹˈuːdənt mˈan ɹˈuːl], \pɹˈuːdənt mˈan ɹˈuːl], \p_ɹ_ˈuː_d_ə_n_t m_ˈa_n ɹ_ˈuː_l]\
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American Rule originating in 1830 by Samuel Putnum. Investors and money managers should act in the interest of the investor and not themselves when investing money for other people. Money should be invested with consideration of rthe capital's safety as well as any interest.
By Henry Campbell Black
