Pound-foolish Definition
poundfo͝olĭsh
adjective
Not handling large sums of money wisely.
Webster's New World
Origin of Pound-foolish
From penny-wise and pound-foolish (“thrifty in the small and wasteful in the large")
From Wiktionary
From the phrase penny-wise, pound-foolish
From American Heritage Dictionary of the English Language, 5th Edition
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