Bill Gates
Bill Gates
William Henry "Bill" Gates IIIis an American business magnate, entrepreneur, philanthropist, investor, and programmer. In 1975, Gates and Paul Allen co-founded Microsoft, which became the world's largest PC software company. During his career at Microsoft, Gates held the positions of chairman, CEO and chief software architect, and was the largest individual shareholder until May 2014. Gates has authored and co-authored several books...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth28 October 1955
CitySeattle, WA
CountryUnited States of America
In fact, batteries haven't improved over the last 100 years as much as they would need to in order to make that happen. So I'm invested in a lot of battery companies - and there's a lot that exists I'm not in. They're all having a tough time achieving it.
The first five years have so much to do with how the next 80 turn out.
Most people overestimate what they can do in one year and underestimate what they can do in ten years.
In the long run, your human capital is your main base of competition. Your leading indicator of where you're going to be 20 years from now is how well you're doing in your education system.
Employers have decided that having the breadth of knowledge that's associated with a four-year degree is often something they want to see in the people they give that job to.
I have $100 billion… You realize I could spend $3 million a day, every day, for the next 100 years? And that's if I don't make another dime…
If you withdraw the incredible focus on polio, it will spread back, and in poor countries you'll get something like 100,000 cases a year. So by being very intense and getting the cases down to zero, what you do is you avoid all the future cases.
So on the demand side [for energy], there have been a variety of policies that globally have been way over $50 billion a year of tax credits, raising the price of electricity through things like renewable portfolio standards, so the total amount of money that's gone into sending a price signal to push up demand versus what would happen without it has been gigantic.
On the supply side, for innovation, you'd say, go look at those R&D budgets, and they haven't moved far for years. In the case of the US - which is the majority of R&D funding across every category you can name: health, energy, whatever - it's been about $5 billion a year from the Department of Energy.
Over 80% of the poor are people who have small plots of land and grow their own food and they don't grow enough to sell much into the marketplace. So they will be hit hard by the worst in climate. They really get hit hard starting in the 20-year time frame and thereafter.
That's the part where the governments have a unique role, and then when it progresses well enough, then existing companies or new startup companies should take it. In the $3 trillion a year energy market, the rewards will be quite fantastic.
I've been studying how quickly we can get energy out to the poor countries - a lot of which are in Africa - and how little progress we've made there. There's no more electricity today in sub-Saharan Africa per person than there was 20 years ago.
Our flame is taking the normal depleted uranium - the 99.3 percent that's cheap as heck, and there's a pile of it sitting in Paducah, Kentucky that's enough to power the United States for hundreds and hundreds of years. You're taking that and you are converting it to plutonium (humorously under his breath) - and then you're burning that.
You always overestimate what you can get done in a year and underestimate what you can get done in 10 years.