Newbies Investing Questions

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"The Law of Holes" goes back at least to 1911.

"the law of holes, is an adage which states: "if you find yourself in a hole, stop digging".[1][2][3][4] Digging a hole makes it deeper and therefore harder to get out of, which is used as a metaphor that when in an untenable position, it is best to stop making the situation worse.[5][6][7] More generally, it advises how one should solve problems of their own making.

The adage has been attributed to a number of sources. It appeared in print on page six of The Washington Post dated 25 October 1911, in the form: "Nor would a wise man, seeing that he was in a hole, go to work and blindly dig it deeper..."[9][10]
https://en.wikipedia.org/wiki/Law_of_holes