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Machiavelli writes that a "Great long standing Prince never rules with fortune." Through risk and chance, one leaves him open to failure; thus action should be withheld if an element of chance is involved.
Machiavelli ties virtue very closely to that of prudence. He defines virtue as acting exceptionally and draws a distinction between morality and virtue. In many respects Machiavelli defines virtue by prudence. If a ruler is able to balance his violence, keep his subjects appeased, and have a dire understanding of his threats, then in Machiavelli's eyes the ruler has a strong virtue. What must be understood is that the throne is always in jeopardy and someone is always there to try to knock the prince off his pedestal...
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