The reason that adulation is not displeasing is that, though untrue, it shows one to be of consequence enough, in one way or other, to induce people to lie.

Summary

This quote suggests that the reason people are not bothered by adulation (excessive praise or flattery) is that, even if it is false, it demonstrates that one is important enough to influence others to lie. In other words, being the subject of adulation implies that others consider the person noteworthy or influential, regardless of the truthfulness of their compliments. This notions implies that the desire for validation and recognition can sometimes outweigh the need for complete honesty.

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