The mistake was enshrined in the preamble to the first German Navy Bill of 1900, by which the new High Seas Fleet was to be big enough to constitute a provocation and a worry to the British, but not big enough to defeat the Royal Navy. The Germans thus drove the British into alliance with their enemies without as a compensation being able to defend German overseas colonies and trade... The basic truth about the High Seas Fleet was that it should never have been built.
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "The mistake was enshrined in the preamble to the first German Navy Bill of 1900, by which the new High Seas Fleet was to be big enough to constitute a provocation and a worry to the British, but not big enough to defeat the Royal Navy. The Germans thus drove the British into alliance with their enemies without as a compensation being able to defend German overseas colonies and trade... The basic truth about the High Seas Fleet was that it should never have been built." in the context of "p. 118" to mean that wisdom is timeless.