Training plays a great transformative role in a professional's life, particularly in this rapidly changing and globalising world. Institutions are the custodians of accumulated expertise and promoters of professional ethics and specialised knowledge. Ethics is a habit of judgement and sensitivity to consequences and human welfare. A merely skilled professional is only a technician on this earth. What we should aim at is producing professionals who possess both ethical judgement and expert knowledge. Their expert knowledge will give them a firm ground to start from, and their ethical judgement will lead them as deep as responsibility and as high as public trust. Together it will impart meaning to professional existence.

On the basis of the above passage, the following assumptions have been made:

1. A profession without well-trained people cannot be modernised.

2. Without acquiring ethical judgement, a professional's training is not complete.

Which of the above assumptions is/are valid?