Just read all of ETHICS

its going to be a bloodbath… in the 2006 CFAi exam can someone clarify the two comments made by Shankar and Pankow its question 8…

Bloodbath how?

Was it about PMR vs PIR?

its regarding their statements on Prudent Investor Rule… something like decisions not made on hindsight…i cant follow wtf they are saying.

From what I recall, one person said that you have to judge an investment decision at the time it was made. The other person said you have to judge it after the fact (i.e. after you know if it was profitable or not). According to the Prudent Investor Rule, the first statement is correct. It’s not proper to judge a decision in hindsight. Just because an investment lost money, it doesn’t mean it was a bad decision at the time.