Prudent man rule is 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.".
Barry Goldsmith
| APA | Barry Goldsmith. (2010). prudent man rule. Retrieved September 23, 2026, from http://smartdefine.org/prudent_man_rule/definitions/1161424 |
| Chicago | Barry Goldsmith. 2010. "prudent man rule" http://smartdefine.org/prudent_man_rule/definitions/1161424 (accessed September 23, 2026). |
| Harvard | Barry Goldsmith 2010, prudent man rule, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/prudent_man_rule/definitions/1161424>. |
| MLA | Barry Goldsmith. "prudent man rule" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/prudent_man_rule/definitions/1161424> |