Quote by Proverb

Penny wise is often pound foolish.

Penny wise is often pound foolish.

Summary

This quote implies that being overly concerned with saving small amounts of money or being frugal in smaller matters can ultimately lead to losing larger amounts of money. In other words, it warns against making shortsighted decisions that prioritize immediate financial gains rather than considering long-term consequences. The phrase "penny wise" refers to someone who meticulously counts every penny, while "pound foolish" signifies someone who fails to see the bigger picture and overlooks the potential costs or risks associated with their actions.

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