Chapter 5: Specialized Knowledge – Personal Experiences or Observations
1.
There are 2 kinds of knowledge. One is general, the
other is specialized.
2.
General knowledge, no matter how great in quantity
or variety it may be, is of but little use in the accumulation of money.
3.
Most of the professors have but little or no money.
4.
Knowledge will not attract money, unless it is
organized and intelligently directed through practical plans of action, to the
definite end of accumulation of money.
5.
Knowledge is only potential power. It becomes power
only when, and if, it is organized into definite plans of action and directed
to a definite end.
6.
The word “educate” is derived from the Latin word
“educo,” meaning to educe, to draw out, and to develop from within.
7.
An educated man is not necessarily, one who has an
abundance of general or specialized knowledge.
8.
An educated man is one who has so developed the
faculties of his mind that he may acquire anything he wants or its equivalent,
without violating the rights of others.
9.
Henry Ford: “Why should I clutter up my mind with
general knowledge for the purpose of being able to answer questions, when I
have men around me who can supply any knowledge I require?”
10. A man who is
educated knows where to get knowledge when he needs it, and how to organize
that knowledge into definite plans of action.
11.
The accumulation of great fortunes calls for power,
and power is acquired through highly organized and intelligently directed
specialized knowledge, but that knowledge does not necessarily have to be in
the possession of the man who accumulates the fortune.
12. Thought
experiments by Einstein – experiments that took place inside his mind! It is
said that the breakthrough which led him to the theory of relativity came not
from specialized knowledge of physics or mathematics, but from his ability to
imagine what would happen if he were riding on a beam of starlight through
space.
13. Successful men
in all callings, never stop acquiring specialized knowledge related to their
major purpose, business or profession.
14. Major reasons
why employers give greater consideration to employees who take home study
courses à it is found that any person who has the ambition
to give up a part of his spare time to studying at home has in him those
qualities which make for leadership.
15.
The person who stops studying merely because he has
finished school is forever hopelessly doomed to mediocrity, no matter what may
be his calling.
16. The way of
success is the way of continuous pursuit of knowledge.
17.
Specialized knowledge plus imagination are the
ingredients that went into the unique and successful business.
18. If you were to
track the history of Microsoft you would find those same qualities – a burning
desire, an idea, specialized knowledge and imagination – behind each move Bill
Gates made and continues to make.
19. You don’t have
to start at the bottom:
a.
Too many of those who begin at the bottom never
manage to lift their heads high enough to be seen by opportunity, so they
remain at the bottom.
b.
The outlook from the bottom has a tendency to kill
off ambition.
c.
We call it “getting into a rut,” which means that
we accept our fate because we form the habit of daily routine, a habit that
finally becomes so strong we cease to try to throw it off.
20. Make
dissatisfaction work for you:
a.
The entire world loves a winner and has no time for
a loser.
b.
We rise to high positions or remain at the bottom
because of conditions we can control if we desire to control them.
21. Both success
and habit are largely the results of habit!
22. Capability
means imagination, the one quality needed to combine specialized knowledge with
ideas, in the form of organized plans designed to yield riches.
23. Remember, the
idea is the main thing. Specialized knowledge may be found just around the
corner – any corner.
what is 23 explaining......I couldn't understand
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