Definition, Meaning & Synonyms

prudentialism

Noun

/pruːˈdɛnʃəˌlɪzəm/

Definition

The practice of exercising caution and careful judgment in decision-making, particularly in financial matters.

Examples

His prudentialism in investing helped him avoid significant losses during market downturns.
The company’s prudentialism was evident in its careful planning and risk management strategies.

Meaning

Prudentialism refers to an approach that emphasizes the importance of being cautious and sensible, especially when managing resources or making judgments. It encourages individuals and organizations to consider potential risks and benefits before taking action.