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  • He consistently ranks in the Forbes list

  • of the world's wealthiest people.

  • He's one of the best known entrepreneurs

  • of the personal computer revolution.

  • He's the second most generous philanthropist in America,

  • having given over twenty-eight

  • billion dollars to charity.

  • He's Bill Gates, and here are his top ten rules for success.

  • When I started Microsoft, I didn't think of it as all that risky.

  • I mean, I was so excited about what we were doing.

  • It's true (that) I could have gone bankrupt.

  • uh, but, I had a set of skills that were highly employable,

  • and, in fact, my parents were still willing to let me go back to Harvard

  • and finish my education if I wanted to.

  • You've always got a job with me, Bill. (laughter)

  • And, the only, the thing that was scary to me,

  • wasn't quitting and starting the company,

  • it was when I started hiring my friends, and they expected to be paid.

  • uh...(laughter)...and then we had customers who went bankrupt,

  • customers that I counted on to come through,

  • 00:01:02,960 --> 00:01:05,960 and so then I, I got this incredibly conservative approach

  • that I wanted to have enough money in the bank to pay a year's worth of payroll,

  • uh, even if we didn't get any payments coming in

  • and I'm almost, uh, true to that the whole time,

  • we have about ten billion now, which is pretty much enough for the next year. Uh...(laughter)

  • Uh....(laughter)

  • 00:01:23,300 --> 00:01:28,820 A-anyway, you know, I...if you're going to start a company, it takes so much energy,

  • that, you know, you'd...you'd better

  • overcome your, your feeling of risk.

  • I don’t think that you necessarily, if youre gonna start a company,

  • should do it at the start of your career.

  • I think there’s a lot to be said for working for a company learning how they do things,

  • If youre young, it’s hard to go and lease premises. They made that hard for me.

  • You couldn’t run a car when you were under 25 at the time, so I was always taking taxis to go see customers.

  • People would say, “well were gonna go have a discussion in the bar”. Well, I couldn’t go to the bar.

  • That’s funcause I’ll tell you, when people are first sceptical and they gothis kid doesn’t know anything”,

  • then when you show them youve really got a good product and you know something,

  • they actually tend to go overboard and they thinkwowthey know a lot. Let’s really do an incredible amount with these people”.

  • So our youth, at least in this country, was a huge asset for us once we reached a certain threshold.

  • It is hard to hire older people because,

  • theyll be a little bit conservative about whether they should come and take the risk.

  • It took 3 or 4 years first before we could go out into the normal employment pool.

  • But those problems that come from starting a firm, you better think of those as part of the pleasure,

  • part of the challenge that is part of the excitement.

  • I want to thank Harvard for this honour.

  • I’ll be changing my job next year,

  • and it will be nice to finally have a college degree on my resume.

  • I applaud the graduates for taking a much more direct route to your degrees.

  • From my part, I’m just happy that the Crimson called me, “Harvard's most successful dropout”.

  • I guess that makes me valedictorian of my own special class.

  • I did the best of everyone who failed.

  • But I also want to be recognised as the guy who got Steve Ballmer to drop out of business school.

  • I’m a bad influence. That's why I was invited to speak at your graduation.

  • If I’d spoken at your orientationfewer of you might be here today.

  • I’m in meetings a lot. My calendar gets very full with those and then at night after the kids have gone to bed,

  • I’m on email a great deal. I get messages during the day, that’s my chance to give long responses.

  • 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.

  • Where I’m not interrupted by work or anything else. I’m just solidly trying to think about the future and,

  • people get to send me things to read as part of that so-calledthink week”. So it’s a nice mix of things.

  • About 25% of the time that I’m out, travelling around, meeting with customers: Europe, Asia.

  • That sort of helps me think, do we have the right priorities?

  • What are people responding well to? What will they like to see us do better?

  • Hello, I'm Bill Gates, Chairman of Microsoft.

  • In this video, youre going to see the future. Windows.

  • Microsoft first came up with the Windows concept back in 1983.

  • Today the leading software users have switched into the Windows environment.

  • It’s really incredible how quickly our powerful applications like Word and Excel and PowerPoint have been adopted.

  • It’s not just Microsoft applications, even companies like WordPerfect and Lotus,

  • have now come out with Windows applications. Every week we see new innovative work.

  • It’s really attracting all the innovation in the industry. We predicted this a long time ago and now it’s the future.

  • The key point there is, youve got to enjoy what you do every day and for me, that’s working with various smart people,

  • it’s working on new problems. Every time we think, “hey, weve had a little bit of success”,

  • were pretty careful not to dwell on it too much because the bar gets raised.

  • I love Bridge. Bridge helps you think. It’s a game you can play your entire life and keep getting better and better

  • I think anybody who’s good at Bridge, is going to degrade a lot of things so,

  • I really encourage people to get involved and I want to thank the people whove put things together for juniors.

  • Theyll be thanking you the rest of their lifecause bridge is such a great sport.

  • I’ve talked to my dad, I’ve talked to Warren, I’ve talked to my wife Melinda so,

  • I have enough people that know me and actually know where my judgement is not it’s strongest.

  • Where I get over excited about something or forget to think about something and so,

  • Theyre good at correcting, particularly Melinda, good at correcting whatever those blind spots are.

  • I think it’s good to encourage your friends and advisors to really give them that license.

  • I can go to a party and forget to say hello to various people or something.

  • - That’s a very minor example of my blindspots. - Not to the hostess.

  • - Melinda would help me do that. - Yeah, she would.

  • A small number of people that you can turn to on certain key things is a great asset.

  • My best business decisions really have to do with picking people.

  • Deciding to go into partnership with Paul Allen is probably at the top of the list then subsequently,

  • hiring a friend, Steve Ballmer and having somebody who you totally trust, who’s totally committed,

  • who shares your vision and yet has a little bit different set of skills and also acts as a check on you.

  • Some of the ideas you come up with, you run by them because you know theyre going to say, “wait a minute. Have you thought about this and that?”

  • The benefit of sparking off of somebody whose got that kind of brilliance,

  • it’s not only made it fun, but it’s really led to a lot of success. So, picking a partner is crucial.

  • I had one habit that I developed when I was at college. It was actually a very bad habit, which was,

  • I liked to show people that I didn’t do any work and I didn’t go to classes and I didn’t care.

  • Then at the very last minute, like two days before the test, I’d get serious about it.

  • People thought that was funny. That was my positioning: the guy who did nothing until the last minute.

  • Then when I went into business, that was a really bad habit.

  • It took me a couple of years to get over that. Nobody praised me because I would do things at the last minute.

  • I tried to reverse to students that I didn’t think that highly of, who were always organised and had things done on time.

  • - I’m still working on it but procrastination is not a good habit. - Bill can change clothes in the car

  • So I’m gonna challenge Bill Gates, my partner on Facebook Sheryl Sandberg and Netflix’s founder and CEO Reed Hastings.

  • 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.

  • Been working on this. Got this design. There we go. It’s gonna be great.

  • I’m here to join the people bringing attention to Lou Gehrig's disease by taking the ALS ice bucket challenge.

  • I’m gonna challenge 3 more people. Elon Musk, Ryan Seacrest and Chris Anderson of Ted, consider yourself challenged.

  • You have 24 hours. Good luck.

  • #People let me tell youbout my best friend. He’s a warm-hearted person wholl love me to the end.#

  • #People let me tell youbout my best friend. He’s the one boy, cuddly toy, my up, my down, my pride and joy.#

  • #People let me tell youbout him, he’s so much fun. Whether were talking man to man…#

  • #…or whether were talking son to soncause he’s my best friend.#

  • Is it true that you can leap over a chair from a standing position?

  • It depends on the size of the chair. I’ll cheat a little bit.

  • #What is love?#

  • By the way, I believe in winners and losers and especially the freedom to fail.

  • - Who him? Who him? Me? - Who him? Who him? What?

  • #I don’t know when youre not there…#

  • - No way! - #What is love? Baby don’t hurt me…#

  • Oh, behave.

  • Thank you so much for watching. I made this video because a bunch of you guys were asking me to.

  • So if there’s a famous entrepreneur that you want me to profile next,

  • 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,

  • which of the ten rules most resonates with you. Leave it below in the comments and I’m gonna join the discussion.

  • Thank you so much for watching. Continue to believe and I’ll see you soon.

He consistently ranks in the Forbes list

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Bill Gates's Top 10 Rules For Success (@BillGates)

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    kinhuabin posted on 2017/08/29
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