00:10 the round pegs in the square holes the 00:15 ones who see things differently they're 00:19 not fond of rules and they have no 00:21 respect for the status quo you can quote 00:25 them disagree with them glorify or 00:28 vilify them about the only thing you 00:31 can't do is ignore them because they 00:35 change things they push the human race 00:37 forward while son may see them as the 00:42 crazy ones we see genius because the 00:48 people who are crazy enough to think 00:49 they can change the world are the ones 00:53 who do 01:01 I'm honored to be with you today for 01:04 your commencement from one of the finest 01:06 University for me told I never graduated 01:15 from college this is the closest I've 01:19 ever gotten to a college graduation 01:23 today I want to tell you three stories 01:26 from my life that's it no big deal just 01:29 three stories the first story is about 01:34 connecting the dots 01:45 my parents are on waiting lists that 01:48 fall in the middle of the night asking 01:50 we've got an unexpected baby boy do you 01:53 want him 01:57 they said of course 02:06 this was the start in my life 02:19 it wasn't all romantic I didn't have a 02:21 dorm room so I slept on the floor and 02:23 friends rooms I returned coke bottles 02:26 for 5 cent deposits to buy food and I 02:29 would walk the settle miles across town 02:31 every Sunday night to get one good meal 02:34 a week at the Hari Krishna time I loved 02:37 it and much of what I stumbled into by 02:40 following my curiosity and intuition 02:42 turned out to be Christ 02:54 of course it was impossible to connect 02:57 the dots looking forward when I was in 02:59 college but it was very very clear 03:01 looking backwards 10 years later again 03:04 you can't connect the dots looking 03:06 forward you can only connect them 03:08 looking backwards so you have to trust 03:10 that the dots will somehow connect in 03:12 your future you have to trust in 03:14 something your gut destiny life karma 03:16 whatever because believing that the dots 03:19 will connect down the road will give you 03:22 the confidence to follow your heart even 03:24 when it leads you off the well-worn path 03:27 and now to make all the difference 03:35 Karina and I have a wonderful family 03:52 Oh 03:56 sometime life sometimes life's going to 03:59 hit you in the head with a brick don't 04:01 lose faith I'm convinced that the only 04:03 thing that kept me going was that I 04:05 loved what I did you've got to find what 04:08 you love and that is as true for work as 04:10 it is for your lovers your work is going 04:13 to fill a large part of your life and 04:15 the only way to be truly satisfied is to 04:17 do what you believe is great work and 04:19 the only way to do great work is to love 04:21 what you do if you haven't found it yet 04:24 keep looking and don't settle as with 04:28 all matters of the heart you'll know 04:30 when you find it and like any great 04:32 relationship it just gets better and 04:34 better as the years roll on so keep 04:37 looking don't settle 04:43 and yet death is the destination we all 04:47 share no one has ever escaped when I was 04:53 17 I read a quote that went something 04:55 like if you live each day as if it was 04:58 your last someday you'll most certainly 05:00 be right 05:05 you 05:10 since then for the past 33 years I have 05:13 looked in the mirror every morning and 05:14 asked myself if today were the last day 05:17 of my life what I want to do what I am 05:19 about to do today and whenever the 05:22 answer has been no too many days in a 05:24 row I know I need to change 05:27 remembering that I'll be dead soon is 05:30 the most important tool I've ever 05:32 encountered to help me make the big 05:33 choices in life 05:39 no one wants the doll even people who 05:43 want to go to heaven don't want to die 05:44 to get there 05:52 you 00:01 He consistently ranks in the Forbes list 00:02 of the world's wealthiest people. 00:04 He's one of the best known entrepreneurs 00:07 of the personal computer revolution. 00:09 He's the second most generous philanthropist in America, 00:12 having given over twenty-eight 00:14 billion dollars to charity. 00:15 He's Bill Gates, and here are his top ten rules for success. 00:22 When I started Microsoft, I didn't think of it as all that risky. 00:27 I mean, I was so excited about what we were doing. 00:29 It's true (that) I could have gone bankrupt. 00:31 uh, but, I had a set of skills that were highly employable, 00:35 and, in fact, my parents were still willing to let me go back to Harvard 00:39 and finish my education if I wanted to. 00:42 You've always got a job with me, Bill. (laughter) 00:45 And, the only, the thing that was scary to me, 00:48 wasn't quitting and starting the company, 00:50 it was when I started hiring my friends, and they expected to be paid. 00:55 uh...(laughter)...and then we had customers who went bankrupt, 01:00 customers that I counted on to come through, 01:02 01:02 and so then I, I got this incredibly conservative approach 01:05 that I wanted to have enough money in the bank to pay a year's worth of payroll, 01:10 uh, even if we didn't get any payments coming in 01:13 and I'm almost, uh, true to that the whole time, 01:17 we have about ten billion now, which is pretty much enough for the next year. Uh...(laughter) 01:20 Uh....(laughter) 01:22 01:23 A-anyway, you know, I...if you're going to start a company, it takes so much energy, 01:29 that, you know, you'd...you'd better 01:31 overcome your, your feeling of risk. 01:33 I don’t think that you necessarily, if you’re gonna start a company, 01:38 should do it at the start of your career. 01:39 I think there’s a lot to be said for working for a company learning how they do things, 01:43 If you’re young, it’s hard to go and lease premises. They made that hard for me. 01:48 You couldn’t run a car when you were under 25 at the time, so I was always taking taxis to go see customers. 01:59 People would say, “well we’re gonna go have a discussion in the bar”. Well, I couldn’t go to the bar. 02:11 That’s fun ‘cause I’ll tell you, when people are first sceptical and they go “this kid doesn’t know anything”, 02:17 then when you show them you’ve really got a good product and you know something, 02:20 they actually tend to go overboard and they think “wow…they know a lot. Let’s really do an incredible amount with these people”. 02:27 So our youth, at least in this country, was a huge asset for us once we reached a certain threshold. 02:34 It is hard to hire older people because, 02:40 they’ll be a little bit conservative about whether they should come and take the risk. 02:46 It took 3 or 4 years first before we could go out into the normal employment pool. 02:50 But those problems that come from starting a firm, you better think of those as part of the pleasure, 02:56 part of the challenge that is part of the excitement. 03:01 I want to thank Harvard for this honour. 03:05 I’ll be changing my job next year, 03:07 and it will be nice to finally have a college degree on my resume. 03:14 I applaud the graduates for taking a much more direct route to your degrees. 03:20 From my part, I’m just happy that the Crimson called me, “Harvard's most successful dropout”. 03:30 I guess that makes me valedictorian of my own special class. 03:35 I did the best of everyone who failed. 03:39 But I also want to be recognised as the guy who got Steve Ballmer to drop out of business school. 03:54 I’m a bad influence. That's why I was invited to speak at your graduation. 04:02 If I’d spoken at your orientation…fewer of you might be here today. 04:12 I’m in meetings a lot. My calendar gets very full with those and then at night after the kids have gone to bed, 04:18 I’m on email a great deal. I get messages during the day, that’s my chance to give long responses. 04:23 Then over the weekend, I send a lot of mail as well. I take 2 weeks a year to just go off and read and think. 04:32 Where I’m not interrupted by work or anything else. I’m just solidly trying to think about the future and, 04:38 people get to send me things to read as part of that so-called “think week”. So it’s a nice mix of things. 04:44 About 25% of the time that I’m out, travelling around, meeting with customers: Europe, Asia. 04:51 That sort of helps me think, do we have the right priorities? 04:55 What are people responding well to? What will they like to see us do better? 05:01 Hello, I'm Bill Gates, Chairman of Microsoft. 05:06 In this video, you’re going to see the future. Windows. 05:12 Microsoft first came up with the Windows concept back in 1983. 05:17 Today the leading software users have switched into the Windows environment. 05:23 It’s really incredible how quickly our powerful applications like Word and Excel and PowerPoint have been adopted. 05:32 It’s not just Microsoft applications, even companies like WordPerfect and Lotus, 05:37 have now come out with Windows applications. Every week we see new innovative work. 05:43 It’s really attracting all the innovation in the industry. We predicted this a long time ago and now it’s the future. 05:54 The key point there is, you’ve got to enjoy what you do every day and for me, that’s working with various smart people, 06:01 it’s working on new problems. Every time we think, “hey, we’ve had a little bit of success”, 06:07 we’re pretty careful not to dwell on it too much because the bar gets raised. 06:11 I love Bridge. Bridge helps you think. It’s a game you can play your entire life and keep getting better and better 06:18 I think anybody who’s good at Bridge, is going to degrade a lot of things so, 06:23 I really encourage people to get involved and I want to thank the people who’ve put things together for juniors. 06:29 They’ll be thanking you the rest of their life ‘cause bridge is such a great sport. 06:34 I’ve talked to my dad, I’ve talked to Warren, I’ve talked to my wife Melinda so, 06:40 I have enough people that know me and actually know where my judgement is not it’s strongest. 06:49 Where I get over excited about something or forget to think about something and so, 06:54 They’re good at correcting, particularly Melinda, good at correcting whatever those blind spots are. 07:00 I think it’s good to encourage your friends and advisors to really give them that license. 07:06 I can go to a party and forget to say hello to various people or something. 07:09 - That’s a very minor example of my blindspots. - Not to the hostess. 07:15 - Melinda would help me do that. - Yeah, she would. 07:19 A small number of people that you can turn to on certain key things is a great asset. 07:27 My best business decisions really have to do with picking people. 07:34 Deciding to go into partnership with Paul Allen is probably at the top of the list then subsequently, 07:43 hiring a friend, Steve Ballmer and having somebody who you totally trust, who’s totally committed, 07:50 who shares your vision and yet has a little bit different set of skills and also acts as a check on you. 07:57 Some of the ideas you come up with, you run by them because you know they’re going to say, “wait a minute. Have you thought about this and that?” 08:06 The benefit of sparking off of somebody whose got that kind of brilliance, 08:12 it’s not only made it fun, but it’s really led to a lot of success. So, picking a partner is crucial. 08:20 I had one habit that I developed when I was at college. It was actually a very bad habit, which was, 08:28 I liked to show people that I didn’t do any work and I didn’t go to classes and I didn’t care. 08:34 Then at the very last minute, like two days before the test, I’d get serious about it. 08:41 People thought that was funny. That was my positioning: the guy who did nothing until the last minute. 08:47 Then when I went into business, that was a really bad habit. 08:53 It took me a couple of years to get over that. Nobody praised me because I would do things at the last minute. 08:59 I tried to reverse to students that I didn’t think that highly of, who were always organised and had things done on time. 09:07 - I’m still working on it but procrastination is not a good habit. - Bill can change clothes in the car… 09:14 So I’m gonna challenge Bill Gates, my partner on Facebook Sheryl Sandberg and Netflix’s founder and CEO Reed Hastings. 09:26 I’m glad to give to ALS. It’s a great cause. But I want to accept this challenge. I want to do it better than it’s been done. 09:35 Been working on this. Got this design. There we go. It’s gonna be great. 09:53 I’m here to join the people bringing attention to Lou Gehrig's disease by taking the ALS ice bucket challenge. 10:03 I’m gonna challenge 3 more people. Elon Musk, Ryan Seacrest and Chris Anderson of Ted, consider yourself challenged. 10:12 You have 24 hours. Good luck. 10:33 #People let me tell you ‘bout my best friend. He’s a warm-hearted person who’ll love me to the end.# 10:42 #People let me tell you ‘bout my best friend. He’s the one boy, cuddly toy, my up, my down, my pride and joy.# 10:50 #People let me tell you ‘bout him, he’s so much fun. Whether we’re talking man to man…# 10:55 #…or whether we’re talking son to son ‘cause he’s my best friend.# 11:14 Is it true that you can leap over a chair from a standing position? 11:18 It depends on the size of the chair. I’ll cheat a little bit. 11:39 #What is love?# 11:48 By the way, I believe in winners and losers and especially the freedom to fail. 11:52 - Who him? Who him? Me? - Who him? Who him? What? 11:56 #I don’t know when you’re not there…# 12:04 - No way! - #What is love? Baby don’t hurt me…# 12:13 Oh, behave. 12:26 Thank you so much for watching. I made this video because a bunch of you guys were asking me to. 12:30 So if there’s a famous entrepreneur that you want me to profile next, 12:33 leave in the comments below and I’ll see what I can do. I’m also curious to know what you think of Bill Gates as an entrepreneur and, 12:39 which of the ten rules most resonates with you. Leave it below in the comments and I’m gonna join the discussion. 12:44 Thank you so much for watching. Continue to believe and I’ll see you soon.