guides investors to act with prudence, discretion, and intelligence—focusing on long-term outcomes rather than short-term gains. It emphasizes balancing income potential with capital preservation, much like a careful investor would manage their own financial future.
Source: Harvard College v Amory (1830) 26 Mass (9 Pick) 446 is a US trusts law case, which repeated the famous formulation of the “prudent person rule”, that people in charge of other people’s money must exercise due care and skill, and look after the money as if it were their own.