know when to fold
NOH wen too FOHLD
noʊ wɛn tə foʊldListen
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Syllable breakdown
Dictionary meaning
to recognise the moment at which continuing a losing or unproductive endeavour will only deepen the loss, and to accept defeat or withdrawal gracefully rather than persisting out of pride, stubbornness, or the sunk cost fallacy; drawn from poker, where folding means surrendering one's hand and the bets already placed rather than throwing good money after bad; the wisdom encoded in knowing when to fold is among the most practically important and psychologically difficult forms of judgement, requiring the ability to distinguish temporary setbacks from fundamentally unsound positions
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