Thursday, November 09, 2006

Knowledge or Money?

When a man who has experience meets a man who has money, the man with experience gets the money, and the man with money gets the experience.

But here's the thing: the first man still keeps his experience, AND is walking away richer.

This is fundamentally why knowledge is always superior to money.

This is why, for instance, Donald Trump was able to come back, even though he was in debt for billions of dollars. His friends went out of business, but he never gave up. He had the knowledge.

But what is this knowledge? If you have an MBA, do you have this "business" knowledge?

This mysterious ability to see money all around you, with your "mind's eye" and not the physical eye that most people are using, is a rare ability indeed.

It comes from mental acuity that can only be developed by either a self-learning genius of the Leonardo Da Vinci variety, or someone who is coached by a master.

Adrian Slywotzky is one such master. Jay Abraham, Jim Rohn, etc. are other masters to study carefully. Dr. Edward de Bono is probably my favorite. He wrote over 60 books.

I realize that most subscribers won't bother to look up these masters, and it's okay. But I know also that the few who do, will thank me later on.

Here's an idea if you don't have time to read business books. Pick one, and get together with a group of friends, and assign one chapter to each person. Next, get together and let each person present a summary of the chapter's key ideas. This can be a lot of fun. It also allows each person to really master the chapter he/she is responsible for explaining.

I've found that the best way to learn and master a topic, is to teach it to someone.