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The poem is a father defining for his son the qualities of a good man. he is setting the parameters or boundaries for his son and giving him a goal to achieve. The poem deals with life's challenges and how to deal with them.
Stanza one deals with being confident about the decisions you make and taking responsibility for those decisions. If others, who cannot take that responsibility for themselves react negatively, you will be patient with them and not reduce yourself to their level by telling lies or dealing in hate. However, don't ever believe you are above anyone else.
Stanza two states that it is good to dream, but don't let the dreams control your life. It is good to think, but don't just think and not put those thoughts into action. You will experience success and failure in your life, but don't take either one too seriously because they are not the substance of life, they are the extremes. If you hear things you said misused or misrepresented or things you have done destroyed, you need to be able to pick yourself up and rebuild them with everything you have left in you.
Stanza three counsels don't be afraid to take risks and possibly lose everything. If you do lose everything, don't talk about it, just start all over again at the beginning. When you are tired and exhausted and your body just feels like it can't continue on, use your mind and your will to tell yourself to "Hold on" and persevere. Push through it.
Stanza four deals with a person's reaction to others. You need to be able to talk to large groups of people and yet not let them influence your belief in what is right, wrong, moral, or immoral. You need to be able to walk with men of power and influence and yet not forget the common man and his needs. You need to know yourself and your beliefs so well that neither your friends nor your enemies can hurt you because you know who you are and what you stand for. People can depend on you, but don't let others become too dependent on you. You need to live every single minute of your life to the fullest. If you do these things, then the world is yours, and you will be a good man.
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