Bill Gates quotes that take you inside the mind of the world’s richest man
Bill Gates’ personal net worth — an estimated US$80 billion — rivals the GDP of Ecuador and tops Croatia’s.
The Bill and Melinda Gates foundation, which he and his wife set up in 1997, gives away nearly US$4 billion a year.
“Of my mental cycles, I devote maybe 10% to business thinking. Business isn’t that complicated. I wouldn’t want to put it on my business card.”
“Our modern lifestyle is not a political creation. Before 1700, everybody was poor as hell. Life was short and brutish. It wasn’t because we didn’t have good politicians; we had some really good politicians. But then we started inventing — electricity, steam engines, microprocessors, understanding genetics and medicine and things like that. Yes, stability and education are important — I’m not taking anything away from that — but innovation is the real driver of progress.”
“Most of our competitors were one-product wonders … They would do their one product, but never get their engineering sorted out.
“They did not think about software in this broad way. They did not think about tools or efficiency. They would therefore do one product, but would not renew it to get it to the next generation.”
“You know, even when we wrote down at Microsoft in 1975, ‘a computer on every desk and in every home,’ we didn’t realize, oh, we’ll have to be a big company. Every time, I thought, ‘Oh, God, can we double in size?'”
“Success is a lousy teacher. It seduces smart people into thinking they can’t lose.”
“Owning a plane is a guilty pleasure. Warren Buffett called his the Indefensible. I do get to a lot of places for Foundation work I wouldn’t be able to go to without it.”
“I’m certainly well taken care of in terms of food and clothes … Money has no utility to me beyond a certain point. Its utility is entirely in building an organization and getting the resources out to the poorest in the world.”
“The most important work I got a chance to be involved in, no matter what I do, is the personal computer. You know, that’s what I grew up, in my teens, my 20s, my 30s, you know, I even knew not to get married until later because I was so obsessed with it. That’s my life’s work.“
“You have to have a certain realism that government is a pretty blunt instrument and without the constant attention of highly qualified people with the right metrics, it will fall into not doing things very well.”
“You know, development sometimes is viewed as a project in which you give people things and nothing much happens, which is perfectly valid, but if you just focus on that, then you’d also have to say that venture capital is pretty stupid, too. Its hit rate is pathetic. But occasionally, you get successes, you fund a Google or something, and suddenly venture capital is vaunted as the most amazing field of all time. Our hit rate in development is better than theirs, but we should strive to make it better.”
“Your most unhappy customers are your greatest source of learning.”
“Intellectual property has the shelf life of a banana.”
“The market does not drive the scientists, the communicators, the thinkers, the government to do the right things. And only by paying attention to these things, and having brilliant people who care and draw other people in, can we make as much progress as we need to.”
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