The fragment survives because a proverb collector wrote it down. The editorial note in Princeton’s second edition records that it “was preserved in a collection of proverbs by the Greek Sophist Zenobius (5. 68), who says that it is found in both Archilochus and Homer,” and argues that because the line is iambic rather than dactylic in metre, the Homeric attribution likely points to the pseudo-Homeric comic epic Margites — probably later than Archilochus’ poem. See the essay’s opening page and footnote ↗.
Berlin’s is not the only English version. J. M. Edmonds, translating the fragment for Elegy and Iambus, Volume II (Harvard University Press / William Heinemann, 1931), gives it as “The Fox knoweth many things, the Hedgehog one great thing ↗,” citing Zenobius. Wikiquote also lists “the fox knows many tricks; the hedgehog one good one.” It is Berlin’s phrasing, not any of these, that Collins and everyone after him quotes.
Later writers kept reusing the animals and quietly changing the verdict. A 2023 essay in Antigone traces how Philip Tetlock and others reinterpreted Berlin’s metaphor, often reversing his judgements about which animal comes out ahead ↗ — Collins’ pro-hedgehog reading is one move in a long argument, not the original meaning.