It is a bungling fisherman who strikes at the first nibble; I shall wait till my fish has gorged the bait and then I am sure to land him.

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Source, in full

Remarks to his son explaining why he declined to form a government (22 February 1851), quoted in Disraeli, Derby and the Conservative Party: Journals and Memoirs of Edward Henry, Lord Stanley, 1849–1869, ed. John Vincent (1978), p. 44

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Attribution

Quote text and notes from Wikiquote: Edward Smith-Stanley, 14th Earl of Derby (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.