"Embrace bad news to learn where you..." - Quote by Bill Gates

“If you have 50 different plug types, appliances wouldn't be available and would be very expensive. But once an electric outlet becomes standardized, many companies can design appliances, and competition ensues, creating variety and better prices for consumers.”

“The first five years have so much to do with how the next 80 turn out.”

“The market does not drive the scientists, the communicators, the thinkers, the government to do the right things.”

“A good leader encourages followers to tell him what he needs to know, not what he wants to hear.”

“Strategically, a major function of the CEO is to look for bad news and encourage the organization to respond to it. Employees must be encouraged to share bad news as much as good news.”

“Does the logic connect? What are the range of probably outcomes? You want to figure out what those probabilities are and ideally be the House. It's fine to gamble, as long as you're the House. Also, listen to critical feedback, particularly from friends. Generally they will be thinking it but they won't tell you.”

“When you ask a dumb question, you get a smart answer.”

“Failures are finger posts on the road to achievement.”

“A traveler's chief aim should be to make men wiser and better, and to improve their minds by the bad-as well as good example of what they deliver concerning foreign places.”