The phrase patience is a virtue is just a way of expressing the importance of being patient. A virtue is a trait or quality deemed to be morally excellent and thus is valued … as a foundation of principle and good moral being. Patience can make us better people.The definition of the word is to tolerate delay implying self control and forbearance. virtue is a trait or quality deemed to be morally excellent and thus is valued … as a foundation of principle and good moral being. Patience can make us better people. The definition of the word is to tolerate delay implying self control and forbearance.