"L'homme qui est admiré pour l'ingéniosité de son larcin redécouvre presque toujours une forme antérieure de fraude."
— J.P. Morgan
Simplified Meaning:
When people find clever new ways to cheat or steal, they're usually just copying tricks that others have used before. It might seem like they came up with a smart new idea, but actually, these deceptions have been around for a long time. For example, someone might invent a new scam online to trick people out of their money. However, if you look back, you'll find similar scams in history where con artists used different tools, like letters or phone calls, to do the same thing. Basically, the idea is that these tricks aren’t really new, just updated versions of old ones. To avoid being fooled, it helps to learn about past scams so you can recognize them when they show up again. This way, you can protect yourself from falling for these age-old tricks in their new forms.
