No, this statement is not true.
First, a compass needle can point to a local object, such as a magnetic ore deposit or a metal circle next to it.
Secondly, even in the absence of interference, the compass needle points to the magnetic pole, which does not coincide with the geographic, and even constantly moving at a speed of about 10 km per year.
One of the components of a person's success in our time is receiving modern high-quality education, mastering the knowledge, skills and abilities necessary for life in society. A person today needs to study almost all his life, mastering everything new and new, acquiring the necessary professional qualities.