The better part of valor is discretion
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The full phrase goes, “The better part of valor is discretion; in the which better part I have saved my life.” Falstaff, you see, has just managed to hide out the entire war by faking his own death. Though it’s the smart move in a personal sense, it’s not exactly the most valorous or heroic. But it shares the common wisdom of those who run away, and live to fight another day.