Bill Gates’s words of wisdom

Bill Gates, the world’s third richest man, announced his long-expected departure from the global IT giant he co-founded, Microsoft, late last week.

Bill Gates, the world’s third richest man, announced his long-expected departure from the global IT giant he co-founded, Microsoft, late last week. Gates’s focus is now shifting to philanthropy, but here are a selection of the great man’s business-related comments:

“This is a fantastic time to be entering the business world, because business is going to change more in the next 10 years than it has in the last 50.”

“If GM had kept up with technology like the computer industry has, we would all be driving $25 cars that got 1000 miles per gallon.”

“The internet will help achieve “friction free capitalism” by putting buyer and seller in direct contact and providing more information to both about each other.”

“We are always saying to ourself… we have to innovate. We got to come up with that breakthrough. In fact, the way software works… so long as you are using your existing software… you don’t pay us anything at all. So we’re only paid for breakthroughs.”

“Intellectual property has the shelf life of a banana.”

“Windows 2000 already contains features such as the human discipline component, where the PC can send an electric shock through the keyboard if the human does something that does not please Windows.”