The vicissitudes of fortune; the waxing and waning of prosperity and decline over time.
栄枯盛衰は世の常で、流行もいつか終わる。
The vicissitudes of fortune are a fact of life; fashions eventually end.
古い城跡を見ると、栄枯盛衰を感じる。
When you look at the ruins of an old castle, you feel the vicissitudes of fortune.
彼は栄枯盛衰を経験して、謙虚になった。
He experienced the ups and downs of life and became humble.