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In this quote, Karl Kraus is contrasting experiences and wisdom. He argues that experiences are like savings that accumulate over time through effort and diligence. However, wisdom is more akin to an inheritance in that it cannot be depleted no matter how unwisely one acts (“a wastrel”).
The implication is that experiences can be “put aside” and collected gradually, but wisdom gained from those experiences becomes a permanent possession that will remain with a person even if they squander other resources or live unproductively.
So in summary, the quote views experiences as a savings that can be depleted, whereas wisdom obtained from experiences is seen as a more enduring inheritance or possession that is not diminished by poor decisions or wasteful behavior.