I had such failure for the first ten years in Silicon Valley. General Magic — over a billion dollars invested in 1990 dollars! Could you imagine what that is today? The best team in the world. We were told we were gonna topple Microsoft and all these companies.

That's a real challenge and a real issue. Reading the statistics, they had a ranking of quarterbacks, and the statistic was the percentage of a touchdown drive after an interception. To me, that is a telling statistic. The guys that have a high percentage are the guys that have short memories. They talk about having amnesia as a quarterback. You better move along from it. It is hard to say you forget about it, because you want to learn from it. You want to address it. You can't just say it never happened.

In the end, I had to pay $3.3 million dollars to buy back that 90%.

Day one of my first job out of college, my boss found out that I didn't know how to enter data into Lotus 1-2-3. That's a spreadsheet—ask your parents. His mouth dropped open and he said, ‘I can't believe you got this job without knowing that”—and then walked out of the room. I went home convinced that I was going to be fired. I thought I was terrible at everything… but it turns out I was only terrible at spreadsheets.

Study broadly. Don’t specialize too early. Read history. Sooner or later, you’re going to have to specialize, but within the limits that you have to take obligatory courses to get a degree, keep your general education as broad as you can, because you never know what doors are going to open to new opportunities — ten, 15, 20 years down the road — because of changes in science and technology.

Oh, my granddad was ahead of his time. He was always in favor of education. My dad and mother were too, but Granddad was very aggressive in that. You know, as he used to say, “You’ve got to fill your head with new ideas so you can use them later to improve your own status and that of the neighborhood.”