/ · 1894 Brewer’s · P · Penny Wise
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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 afresh when one of its shoes was loose.
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Entry taken from Dictionary of Phrase and Fable, edited by the Rev. E. Cobham Brewer, LL.D. and revised in 1895.
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