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What a great quote. I generally do not believe that it makes sense to study history in order to understand the present. I think we have to understand the present first, and then we can possibly learn something on the past either and find elements which fit together with the present. I therefore think it is an illusion that we understand the past better than those people who were living then. But Schopenhauer points out an ecception.
Due to modern technologies of diffusion, great minds will earlier be recognized in their magnitude– yet alive. Consequently most of them can raise a cheer and win laurels and money, still being alive.The tragedy is, that they can´t be sure about the lastingness of their magnitude. So it is a well known practise when the great minds are busy in boosting the square around their great building.
Great flux of ideas causes congestion and holdup. Not in the internet, whose bottlenecks can be eliminated by technical solutions, but in the brains.