P. T. Barnum：Struggles and Triumphs, Additional Excerpt 517

He might more truly say, “if you can’t make a fool of yourself”; but he is “fast,” hates slow things, and don’t “see it.” Young men loaded down with other people’s money are almost sure to lose all they inherit, and they acquire all sorts of bad habits which, in the majority of cases, ruins them in health, purse and character. In this country, one generation follows another, and the poor of to-day are rich in the next generation, or the third. Their experience leads them on, and they become rich, and they leave vast riches to their young children. These children, having been reared in luxury, are inexperienced and get poor; and after long experience another generation comes on and gathers up riches again in turn. And thus “history repeats itself,” and happy is he who by listening to the experience of others avoids the rocks and shoals on which so many have been wrecked.

Source： https://www.gutenberg.org/ebooks/50115
Locator：Additional excerpt 517 · Verified：2026-10-19 · Verification：Short excerpt

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