“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” - Abraham Lincoln The lumberjack story is has been made popular by a reference to it in Stephen Covey’s 7 Habits due to the messages it carries with it. 
Like many stories this story has a specific meaning, the version I tell in this video carries a key message about the value of continuous personal development and the importance of using our brains sometimes ... opposed to our brawn!