This summary is not the rule. The rule text controls.
If someone testifies in court, they have to actually know what they're talking about from their own experience. This means they saw it, heard it, or experienced it firsthand. A witness can't just guess, repeat rumors, or share secondhand information as if it were fact.
Before a witness can talk about something, there needs to be enough proof that they really do have firsthand knowledge of it. The witness can explain how they know what they know, but that's not the only way to show this. Other evidence in the case can also help prove the witness has real knowledge of the situation.
There's one exception to this rule. Expert witnesses, like doctors or engineers, are allowed to give opinions based on their training and expertise, even if they didn't personally witness the events in the case. This is covered separately under Rule 703, which lets experts rely on their professional knowledge instead of firsthand experience.