Prudent
Prudent is a term used to describe someone who shows care and thought for the future. It originates from the Latin word "prudens", which is the contraction of "providens", the present participle of "providere", meaning "to see ahead".
Definition[edit]
Prudence is the ability to govern and discipline oneself by the use of reason. It is classically considered to be a virtue, and in particular one of the four Cardinal virtues. Prudent individuals always think ahead, weigh the potential consequences of their actions, and make decisions based on long-term payoffs.
Prudence in Philosophy[edit]
In philosophy, prudence is linked to ethical decision making and is considered a cardinal virtue. Aristotle considered it a part of practical wisdom and an important aspect of ethical virtue. Thomas Aquinas also considered prudence as the 'auriga virtutum', the charioteer of the virtues.
Prudence in Finance[edit]
In finance, prudence is considered a key factor in making investment decisions. The prudent man rule, a common law doctrine in some areas of investment management and custodial duties, is based on the standard of care, judgement and investment skill that a prudent person would exercise in managing the property of another.
Prudence in Law[edit]
In law, the prudent man rule is used as a standard of care for trustees in place of their own judgement. It is a legal maxim which suggests that a person should act with prudence, justice, and provide the care which a person of ordinary prudence would use under similar circumstances.
Prudence in Medicine[edit]
In medicine, prudence is considered an important aspect of ethical conduct. Medical practitioners are often advised to act prudently when dealing with patients, taking into account all potential risks and benefits before proceeding with a course of treatment.
See Also[edit]
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