I know it will still be hot the second time. Foolish people who don't learn to avoid getting burned usually don't last long enough to become old and wise. Back to history for a moment. We study history for wisdom. However, if I study the mistakes and successes of all the presidents, it might make me a better president someday.
History can lead to wisdom for one simply reason.
Humanity doesn't change. Civilizations may advance and decline, but human nature today is no different than when Cain slew Abel in a fit of jealousy. There's a cliche that history repeats itself. That's not because history is condemned to repeat itself. It's because humans, especially humans in large groups, have a tendency not to learn from their own experiences or anyone else's.