This quote emphasizes the significance and the challenge of effective communication. The ‘right word in the right place’ is a metaphor for conveying an idea or a thought accurately, succinctly and in a manner that resonates with the audience. It’s one thing to have a rich vocabulary, but it’s an entirely different challenge to use those words effectively. The ‘rare achievement’ part of the quote acknowledges that it’s not an easy task, but when accomplished, it can be incredibly powerful.

In today’s world, this idea is more relevant than ever. With the rise of social media and digital communication, every word we use can be scrutinized, taken out of context, or misinterpreted. Therefore, it’s crucial to choose our words carefully and thoughtfully. It’s not just about what we say, but how we say it. The right words can inspire, motivate, and connect people, while the wrong ones can create misunderstandings or even conflicts.

In terms of personal development, understanding the power of words can help us become better communicators. It’s about learning to listen, understand, and then respond in a way that’s clear, empathetic, and effective. It’s about realizing that sometimes, less is more – a single right word can often convey what a hundred cannot. It’s also about recognizing that every conversation is an opportunity to learn, grow, and influence, and that the ‘right word in the right place’ can make all the difference.