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"We suffer more, it has already been observed, when we fall from a better to a worse situation, than we ever enjoy when we rise from a worse to a better. Security, therefore, is the first and the principal object of prudence." "The prudent man always studies seriously and earnestly to understand whatever he professes to understand, and not merely to persuade other people that he understands it; and though his talents may not always be very brilliant, they are always perfectly genuine." "The prudent man is not willing to subject himself to any responsibility which his duty does not impose upon him. He is not a bustler in business where he has no concern; is not a meddler in other people's affairs; is not a professed counsellor or adviser, who obtrudes his advice where nobody is asking it." -Adam Smith (1723-1790), The Theory of Moral Sentiments (1759) The Theory of Moral Sentiments is available online at Amazon.com. |
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