If you have audacity then you're one daring — and perhaps reckless — character. Running a red light with three previous tickets under your belt certainly shows audacity. And stupidity.
The noun audacity developed from the Latin word audacitas, which means “boldness." So someone who shows audacity makes bold moves — and isn't afraid of the consequences. Audacity can be admired or frowned upon, depending how far it's taken and how it rears its head. But as former British Prime Minister and novelist Benjamin Disraeli once said, “Success is the child of audacity.”