Chapter 3: On the Job: Cellular Specialties. Liver cells look almost nothing like nerve cells. Muscle cells bear little physical resemblance to white blood cells. Yet every cell (with just a few exceptions) is encased in a membrane, contains a nucleus full of genes, and has ribosomes, mitochondria, ER, and Golgi.
Altruist follows the Prudent Investor Rule. The Prudent Investor Rule is a legal doctrine which provides guidance to investment managers regarding the standards for managing an investment portfolio in a legally satisfactory manner. Basically, prudent investing amounts to a process which one follows.
There is a second definition of sophisticated investor in s 761GA of the Corporations Act 2001 in Chapter 7 (Financial services and markets). It defines sophisticated investors so that they can be treated as wholesale (rather than retail) clients.