Vai has freely admitted that he let his ego get in his way in the past. By the time he joined Whitesnake, he was a self-admitted a-hole. He believed the hype, and became a less than stellar human being.Billy is a good example of mutual respect. Billy wasn't educated formally. But he has utmost respect for those who were. He doesn't have a chip on his shoulder about it. He can work with amybody. I have met him on two occasions and he seemed like just a "good guy". Steve Vai seemed the same. Theu work well together because, although theu are both super talented, they have great respect for one another. You can tell in ALL of Billy's projects that it's not the "Look at Billy" show. It's him having fun bouncing off of what others are doing. He's having a blast playing with other great musicians. He doesn't take himself too seriously at all.
As for knowledge, it cam come from many different angles. The trick is knowing when you don't have it, when you can gain it, and having an open mind enough to accept it from any source. Billy seems to be willing to learn whatever from wherever.
He doesn't stick out his chest and say "I don't need no Berkeley education, Steve!" Imstead, he says "Dude, what did you jist play there? Show it to me!" and "Here, check this out."
He'll be the first to tell you that anyone csn do what he does.
(As an aside, I have met dozens of powerhouse bass players. Other than Stu Hamm and Dave LaRue, they have all been super nice, willing to talk, willing to help, and generally seemed like kind individuals.)
To bring this all back to the OP, practice, study (formally or otherwise), and learn from others.
He’s pulled himself above that now, using the lens that age and maturity provide a person with, and by all accounts, is now a great guy and teacher.
That each of them is so willing to give back to the music community, is to be admired.
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