Hobbits must seem of little importance being neither renowned as great warriors nor counted among the very wise.

13 seconds sound clip from the The Lord of the Rings: The Fellowship of the Ring movie soundboard.

You can hear this line at 00:09:09 in the Blu-ray version of the movie.

Quote context

[...]

- There and Back Again: A Hobbit's Tale. By Bilbo Baggins.

- Now where to begin? Ah, yes.

- Concerning... Hobbits.

- Hobbits have been living and farming in the four Farthings of the Shire for many hundreds of years, quite content to ignore and be ignored by the world of the Big Folk.

- Middle-earth being, after all, full of strange creatures beyond count.

- Hobbits must seem of little importance being neither renowned as great warriors nor counted among the very wise.

- Frodo! Someone at the door.

- In fact, it has been remarked by some that Hobbits' only real passion is for food.

- A rather unfair observation, as we have also developed a keen interest in the brewing of ales and the smoking of pipe-weed.

- But where our hearts truly lie is in peace and quiet and good, tilled earth.

[...]