If you must play, decide on three things at the start: the rules of the game, the stakes, and the quitting time.

Summary

This quote emphasizes the importance of setting boundaries and making decisions before engaging in any endeavor. It suggests that before participating in any activity, one should determine the guidelines (rules) to be followed, the potential risks or rewards (stakes) involved, and establish a specific duration (quitting time) for the engagement. By doing so, one can approach a situation with clarity and preparedness, enabling them to make informed choices and avoid potential pitfalls or excessive commitment. It highlights the significance of discernment and planning as key factors in achieving successful outcomes.