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Penny Wise

Unwise thrift. The whole proverb is Penny wise-and pound foolish, like the man who lost his horse from his penny wisdom in saving the expense of shoeing it a fresh when one of its shoes was loose.

Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
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More on Penny Wise from Infoplease:

  • Penny Wise - Penny Wise Unwise thrift. The whole proverb is Penny wise-and pound foolish, like the man who lost ...
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