Precedents are not mere dusty phrases, which do not substantially affect the question before us. A precedent embalms a principle. The principle may be right or may be wrong—that is a question for discussion; but at the first glance it is right to conclude that it is a principle that has been acted upon and recognised by those who preceded us.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Precedents are not mere dusty phrases, which do not substantially affect the question before us. A precedent embalms a principle. The principle may be right or may be wrong—that is a question for discussion; but at the first glance it is right to conclude that it is a principle that has been acted upon and recognised by those who preceded us." in the context of "Benjamin Disraeli, Speech in the House of Commons (22 February 1848)" to mean that wisdom is timeless.