Word of the Day: Pyrrhic
Pyrrhic (p1r’1k), the noun, is a metrical unit. It is used more widely as an adjective, however, as in “pyrrhic victory,” which means a victory with huge costs. It makes reference to Pyrrhus from Epirus, who sustained great losses in order to defeat the Roman army.
Mr Murdoch has, however, paid a high price for Dow Jones—at least $1 billion, and perhaps $2 billion more than appears justified by the fundamentals of the business—so News Corporation’s shareholders may come to regard his victory as pyrrhic. (The Economist)
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