Otto von Bismarck: Fools Profit

Posted by admin on Thursday, January 18, 2024

Meaning of Otto von Bismarck Money Quote: saying it’s foolish to only learn from experience if you can profit from the experience or mistakes of others. Otto von Bismarck said:
 

 

“Fools say that they learn by experience. I prefer to profit by others experience” — Otto von Bismarck

 

 

In this quote, Otto von Bismarck is expressing a preference for gaining wisdom from others’ experiences rather than having to learn lessons through one’s own mistakes.

His interpretation is that “fools” stubbornly insist on learning solely from their personal errors and setbacks, whereas he believes it is smarter and more efficient to learn vicariously from the successes and failures of those who have come before.

Bismarck seems to be suggesting that history and observing the experiences of others provide valuable opportunities to learn that can help avoid pitfalls and expedite progress.

The overall message conveys Bismarck’s view that it is prudent and advantageous to build upon prior knowledge rather than needing to relearn what has already been established through the trials of others.

Birthday: April 1, 1815 – Death: July 30, 1898

Otto von Bismarck: Bankers Grabs

Posted by admin on Saturday, November 6, 2021

Otto von Bismarck Money Quote saying after Lincoln died, foreign bankers returned to valued markets and corruption grew. Otto von Bismarck said:
 

 

“The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots and the bankers went anew to grab the riches. I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America and use it to systematically corrupt civilisation” — Otto von Bismarck

 

 

Otto von Bismarck seems to be expressing regret over the assassination of Abraham Lincoln. He argues that no American leader was capable of filling Lincoln’s shoes in safeguarding the nation’s interests.

Bismarck then criticizes foreign bankers for seizing on this power vacuum to “grab the riches” of America through their “craftiness and tortuous tricks.” He fears that these bankers will come to entirely control the vast wealth of the United States and systematically corrupt civilization by using that wealth in self-serving ways.

Overall, Bismarck portrays foreign bankers as opportunists who took advantage of Lincoln’s death to increase their influence over the American economy and asserts this could undermine moral standards on a broad scale.

Birthday: April 1, 1815 – Death: July 30, 1898