The people I most often give books to are children, and the book I love giving is Rivka Galchen’s Rat Rule 79. Technically a book written for children, but a book that will delight readers of all ages.

Some books I return to again and again: Alice Munro's books, but especially "Lives of Girls and Women," Toni Morrison's "Beloved," Mary Oliver's poetry collections, Raymond Carver's short stories, Joan Didion's essays. There are so many more! It's hard to name them all. Books are my cure.

And this is where, a couple of years before I had become CEO, I had read this book by Carol Dweck out of Stanford [University] called “Mindset,” which was more in relation to my kids. And the simple concept in that book, which I loved a lot, was it's better to be a learn-it-all even if the know-it-all has more innate capability, because the learn-it-all ultimately will do better. And I said, well, that applies to CEOs. That applies to companies made up of people. And I said: What if we introduce that as the meme to have the cultural dialogue at Microsoft?

The one area where the breakthrough isn’t taking place, and it’s tough, is very inexpensive broadband access to homes or even small businesses. The price of broadband has not gone down. And there’s nothing in the next two or three years that’s really going to change that. So if I had a wand and I could ask for one more hardware technology miracle, it’d be some way of having $20-a-month broadband to homes and small businesses.

Microsoft was at the center of the personal computer revolution, and particularly the creation of a software market where you went out to lots of companies, and encouraged them to write software for different applications, mundane applications, wild applications. That idea that you would encourage people to be creative, and build software, and there would be a whole industry around that.

I was too emotional about something not going too well.

When I was younger, I thought that was all you needed. If you understand physics, how hard can it be to run a team? The idea that some skills, like managing people, are not correlated with scientific IQ — in fact some of them are negatively correlated to scientific IQ — took me a while to figure out.

My last piece of advice is the one I could have used the most. It took me a long time to learn. And it is this: You are not a slacker if you cut yourself some slack. When I was your age, I didn't believe in vacations. I didn't believe in weekends. I pushed everyone around me to work very long hours. In the early days of Microsoft, my office overlooked the parking lot—and I would keep track of who was leaving early and staying late. But as I got older—and especially once I became a father—I realized there is more to life than work. Don't wait as long as I did to learn this lesson.

Satya is very good at extracting the maximum value from my time and making sure I look at all the important things. He’s very thoughtful, good at working with people, working through problems in a calm sort of way.