Definition & Meaning of "(many|) go (out|) for wool and come home shorn"

(many) go (out) for wool and come home shorn

SENTENCE

used to imply that when someone sets out to gain something, often through dishonest or risky means, they are likely to end up losing everything they have, including what they started with

Example

Joe was tempted by a get-rich-quick scheme, but his friend reminded him that go for wool and come home shorn, and advised him to stick to more reliable investments.

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LanGeekDictionary

Definition & Meaning of "(many|) go (out|) for wool and come home shorn"

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