Excerpt from Credits and Collections: The Factors Involved and the Methods Pursued in Credit Operations; A Practical Treatise by Eminent Credit Men
American business men hold that the only way to learn to do things is to do them. This opinion has had much truth and fact to justify it, but it has been undergoing a marked transformation in the past decade. For men are coming to realize that, although no one can learn to do a thing by merely being told how it is done, such precious knowledge greatly facilitates his learning how to do it when once he gets into practical work. It affords him a strong foundation, barren and useless in itself, but a firm basis upon which to build the structure of business experience. Book learning, abstract knowledge, is like a fertilizer: it does not, of itself, produce anything, but it stimulates growth and advance when the live seed, practical experience, is instilled in the soil of work.
There Is another feature in modern commercial life which has stimulated t.he output of business literature. Association for the accomplishment of common purposes is having an always greater impetus, and it has been accompanied by another kind of co-operation - the give and take of business ideas and knowledge.
In other words, business men are realizing that no one man can know all; that every man can make a profitable exchange by giving his knowledge and experience for that of others.
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