The war correspondent has his stake - his life - in his own hands, and he can put it on this horse or that horse, or he can put it back in his pocket at the very last minute.

Summary

This quote suggests that a war correspondent holds personal risk and accountability in their hands. They are in control of deciding the level of danger they expose themselves to by their choices and actions. Similar to placing a bet on a horse race, they can decide which events or situations to cover or avoid. Ultimately, they possess the ultimate choice of whether to pursue a particular story or situation, or to withdraw and protect their own safety.

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