Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Great Reset
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin and Alfie Oakes
  • World Gold Mine Production
  • Fidelity and Vanguard Since 1971

Are You Guided by the Prudent Man?

November 13, 2023 By E.J. Smith - Your Survival Guy

Justice Samuel Putnam wrote the decision in Harvard College vs. Amory. Samuel Putnam. Image from page 56 of “History of Essex County, Massachusetts: with biographical sketches of many of its pioneers and prominent men” (1888)

In the September 2015 issue of Richard C. Young’s Intelligence Report, Dick Young wrote:

The Prudent Man Rule is based on common law stemming from the 1830 Massachusetts court formulation Harvard College v. Amory. The Prudent Man Rule directs trustees “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 probable safety of the capital invested.”

Since I started our family investment management firm in 1989, I have operated under the assumption that the Prudent Man Rule to this day carries as much weight as it did in 1830. Common sense and prudence just don’t go out of style—ever.

Originally posted September 29, 2015, on Your Survival Guy. 

Related Posts

  • The Big Short and The Prudent Man
  • Adam Smith and the Prudent Man
  • Rocket Man!
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

Click here to sign up for my free monthly Survive & Thrive letter.
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Digital Dollars: A Warning Where You’re the Prey - December 6, 2023
  • Don’t Make Moves You Might Regret - December 5, 2023
  • Your Key to Retirement Wealth - December 4, 2023

Dick Young’s Must Reads

  • Soros’s Open Society Foundation, Charles Koch Team Up
  • Your Best State on Guns, Plus the 8th Wonder of the World
  • Meet Me at Freddy’s June 2022
  • Investing Habits of the Fairly Wealthy: #8 “Safety”
  • Who Is Alex Jones?
  • When the Black Swan Swoops In for You
  • Uniparty Republicans “Wriggling Like Worms on Hooks”
  • We’ll Burn the Place Down!
  • The Three Best Retirement Decisions I Ever Made
  • YOU DESERVE FREEDOM: Your Hard Work Will Make It Happen

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • Don’t Make Moves You Might Regret
  • Can China Save Itself from a Debt Collapse?
  • Companies Scoop up Truck Terminals at Yellow’s Bankruptcy Auction
  • Your Key to Retirement Wealth
  • New EV Rules Leave Wiggle Room for Chinese Suppliers
  • Commercial Shipping Lanes Under Fire from Ballistic Missiles and Drones
  • Emerging Markets Outplayed the Climate Cabal
  • Risk and Reward: An Efficient Frontier
  • Stop America’s Zombie Apocalypse before It Starts
  • Connecticut Concedes the Fallacy of Banning Internal Combustion Engines

RSS Yoursurvivalguy.com

  • Digital Dollars: A Warning Where You’re the Prey
  • You Can See Where Big Government Is Headed
  • You Can’t Escape a Digital Dollar
  • Don’t Make Moves You Might Regret
  • Listen to What They Say about YOUR Money
  • Is It Almost Riot Season Again in America?
  • Your Key to Retirement Wealth
  • HARDSHIP WITHDRAWAL: Do You Have Emergency Funds?
  • EVERGRANDE: The World’s Most Indebted Property Developer
  • Risk and Reward: An Efficient Frontier

US Treasury Yield Curve: My Favorite Investor Tool

Five Year Treasury Yield

“The Economy Is Buried Under Trillions in Debt”

The Viability Snag in EVs

Digital Dollars: A Warning Where You’re the Prey

Are You Being Controlled by the Unity Government?

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives