Hello. Can anyone clarify and paraphrase this sentence?

"O ye little of wit, is he for whom I mourn of those who forget or who are forgotten?"

Thanks

First you must understand each of the words in the sentence. If there are any that you don't know, look them up here:
http://www.perseus.tufts.edu/cgi-bin/ptext?doc=Perseus%3Atext%3A1999.03.0067%3Aentry%3D%236006
I started you out by looking up "wit." Once you are confident about what each word means, you should be able to paraphrase it just fine.

If you want, re-post with what you think it says, and someone here will give you feedback.

=)