Entrepreneurship is the launching of surprises...This process of wealth creation is offensive to levelers and planners because it yields mountains of new wealth in ways that could not possibly be planned. But unpredictability is fundamental to free human enterprise. It defies every econometric model and socialist scheme. It makes no sense to most professors, who attain their positions by the systematic acquisition of credentials pleasing to the establishment above them. By definition, innovations cannot be planned. Leading entrepreneurs -- from Sam Walton to Mike Milken to Larry Page to Bill Gates -- did not ascend a hierarchy; they created a new one. They did not climb to the top of anything. They were pushed to the top by their own success. They did not capture the pinnacle; they became it.
Entrepreneurial knowledge has little to do with the certified expertise of an advanced degree from an establishment school. It has little to do with the gregarious charm of the high school student voted most likely to succeed. The fashionably educated and cultivated spurn the kind of fanatically focused learning undertaken by the 1 percent. Wealth all too often comes from doing what other people consider insufferably boring or unendurably hard...Most people think they are above learning the gritty and relentless details of life that allow the creation of great wealth. They leave it to the experts. But in general, you join the 1 percent of the 1 percent not by leaving it to the experts but by creating new expertise, not by knowing what the experts know but by learning what they think is beneath them.