When we see other's downfall

Usually, people see the downfall of others as a topic for discussion. 

To criticize and reprimand, or just to gossip - 

just for the sake of entertainment.

But the wise people see it as a warning to themselves.

They try to evaluate their own situation. 

Most people only learn when they make mistakes themselves. 

When something happens to them - they regret and only then do they mend their ways. 

Wise people see the downfall of others - study their mistakes - and try to improve their own ways.

They try to learn from their own past and from others as well - and try to find ways to avoid their own downfall.

They try to learn something or the other from every incident and keep moving forward on their path.