This little poem comes from Disticha de Educatione of Urbano Appendini, published in 1834; you can see the whole book at Google Books.
Fac multum studeas, non multis; noscere cuncta
Qui vult cumque, audax, non mihi doctus erit.
The vocabulary is keyed to the DCC Latin Vocabulary list. All the words in this poem are on that list!
audāx audācis: bold, daring; reckless
cūnctus -a -um: entire all together
doceo -ēre -uī doctum: teach
ego me mihi mē: I, me
facio facere fēcī factum: do, make
multus -a -um: much, many; multō, by far
nōn: not
nōsco nōscere nōvī nōtum: learn, know
quī-, quae-, quodcumque: who-, whatever
studeo -ēre -uī: be eager, be zealous, care for (+ dat.)
sum, esse, fuī: be, exist
volo velle voluī: wish, be willing