Yes. I've also seen this referred to as a "T-shaped expert" - someone who has a breadth and depth of useful expertise. Develop broad expertise in a variety of areas and develop deep expertise in a few specialized subfields.

"Paint Drip People": https://www.facebook.com/notes/kent-beck/paint-drip-people/1...

HN Discussion: https://news.ycombinator.com/item?id=12226242