Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, inducted Honeywell Chairman and CEO Dave Cote into its organization at a ceremony on Friday, April 4 in Washington D.C.
During his acceptance speech, Cote gave advice to the audience, which included more than 50 scholarship recipients.
“To all of our scholars, in addition to congratulations, I’d offer two pieces of advice,” Cote explained. “The first, concerns my less than stellar college career when after my junior year I quit college for the second time to buy a fishing boat in Maine with a friend. While fun, it was financially unrewarding and I’ve been asked many times what my biggest learning was. That learning was that hard work does not always pay off. If you’re working on the wrong thing, it really doesn’t matter how hard you work. Make sure you’re working at all times on the right thing.”
“The second is to recognize success generally requires more than just being smart. Smart people get beaten every day by others who work harder, have a better attitude or values, are more ambitious, have more common sense, can focus better on what’s important or have better interpersonal skills. Pull that whole package together to the best of your ability and you also will learn that there’s no better country in the world to realize your dreams.”
To learn more about the Horatio Alger Association, click here.