There are two kinds of knowledge. One is general and the other is specialized. General knowledge, no matter how great in quantity or variety it may be, is of but little use in the accumulation of money. The faculties of great universities possess, in the aggregate, practically every form of general knowledge known to civilization. Most of the professors have but little money. They specialize on teaching knowledge, but they do not specialize on the organization.
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. Lack of understanding of this fact has been the source of confusion to millions of people who falsely believe that “Knowledge is Power”. It is nothing of the sort. Knowledge is only potential power. It becomes power when and it is organized into definite plans of action and directed to a definite end.
An educated man is not necessarily, one who has an abundance of general or specialized knowledge. 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.
Successful men in all callings, never stop acquiring specialized knowledge related to their major purpose, business or profession. Those who are not successful usually make the mistake of believing that the knowledge acquiring periods ends when one finishes school. The truth is that schooling does little more than to pit one in the way of learning how to acquire practical knowledge. The order of the day is specialization.
