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Bill Gates On Expectations


“Expectations are a form of first-class truth: If people believe it, it’s true.” – Bill Gates

Bill Gates On His Work Ethic


wealthymattersI never took a day off in my twenties. Not one. And I’m still fanatical, but now I’m a little less fanatical.
Bill Gates

Hard Drive: Bill Gates And The Making Of The Microsoft Empire


wealthymattersThis is a biography of Bill Gates by James Wallace and Jim Erickson.It focuses on the early years of  Bill Gates and Microsoft.

I have just now finished the book and recommend it if you are interested in his early formative years in Lakeside,his early moneymaking attempts,his forming  a software company with Paul Allen during his Harvard days,his early tendency to just get a product out of the door etc, you might find the book useful.

The book also highlights Bill’s weaknesses such as his squeaky voice,dandruff,poor personal hygiene,poor people skills,a compulsive need to win no matter the cost and no matter the trivialness of the contest.etc

The book will also allow you to glimpse the drive and determination that made Microsoft what it is today and propelled Gates to the top of the Forbes List.With Bill business always came first and you will get to see the hard ball Bill played to make Microsoft numero-uno in software,

But be warned,the book is dated and stops with Windows 3.0.So read it for the focus on the eairly years.

Using “Unused Bandwidth”


wealthymattersBill Gates believes that the mind has a lot of “unused bandwidth ” that can be filled in while the eyes are just wandering around.

So he had a giant map of the world  pasted on the ceiling of his study, so he could look up at the map whenever he took a break from the computer. He also put up a map of Africa on the wall of his garage so his eyes could sweep over it while getting in and out of his car.

Maps might not be quite our thing,to each their own,but why not surround ourselves with the sort of things we would rather know more of ?Just tap the unused bandwidth?

Something To Remember


wealthymatters“There is a tide in the affairs of men, which, taken at the flood, leads on to fortune.Omitted, all the voyage of their life is bound in shallows and in miseries. On such a full sea are we now afloat, and we must take the current when it serves, or lose our ventures.”

This is the quote from Shakespeare’s Julius Caesar that Paul Allen used to persuade Bill Gates to quit Harvard and set up their own software company.

Right from their school days Paul Allen and Bill Gates believed in the possibility of a PC in every house.The arrival of the Altair 8080 convinced Paul that the time was right to take a plunge.

The rest is history.So there’s something to allowing yourself to be swept along by historic currents.

Davos Prophesies


wealthymatters,comIf you are inclined to follow the news reporting of the WEF-2013,do so by all means but don’t take everything that is said seriously.

There might be something as the wisdom of the crowds,but the “wisdom” gained from the sound bytes generated from some of the billionaires and the financial ,political and academic elite gathered at Davos,Switzerland may not be the most accurate.

The predictions that emanate from Davos always have a ring of plausibility to them because of the credibility of the speakers. But all too often they fall short. Here is one example: Bill Gates has made the pilgrimage to the Alps for more than a decade and made a series of somewhat famous – or infamous – predictions in that time.When asked about Google back in 2003, he didn’t have an upbeat outlook on the company’s future nor its founders. “These Google guys, they want to be billionaires and rock stars and go to conferences and all that,” Gates said. “Let us see if they still want to run the business in two to three years.”

To the left are other such projections. Not all turned out wrong,but even people who got one thing right got other things wrong.So watch the Alpine scenery and the power show,go to Switzerland if you must ,these days its become pretty cheap,but don’t take everything you hear as serious investment advice.

Be Paranoid


Microsoft Mentality

The Fifty Richest People On Earth


The Fortune At The Bottom Of The Pyramid


wealthymatters.com

Thinking about targeting the mass market brought to mind the idea of ‘The Fortune at the Bottom of the Pyramid’ originated  by C. K. Prahalad and Stuart L. Hart.  According to Bill Gates, it “offers an intriguing blueprint for how to fight poverty with profitability.”

You can read about it here: Prahalad_Hart_2001_SB  .Having been written in 2001, the article is a bit dated,but its essence still remains relevant.

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