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  • One of my, I think, one of my great advantages is that I have very low expectations.

  • And I mean that.

  • Most of the Stanford graduates have very high expectations.

  • And you deserve to have high expectations because you came from a great school.

  • You were very successful.

  • You're top of your class.

  • Obviously, you were able to pay for tuition.

  • And then you're graduating from one of the finest institutions on the planet.

  • You're surrounded by other kids that are just incredible.

  • You should have very, you naturally have very high expectations.

  • People with very high expectations have very low resilience.

  • And unfortunately, resilience matters in success.

  • I don't know how to teach it to you except for I hope suffering happens to you.

  • And I was fortunate that I grew up with my parents providing a condition for us to be successful on the one hand.

  • But there were plenty of opportunities for setbacks and suffering.

  • And to this day, I use the word, the phrase pain and suffering inside our company with great glee.

  • And the reason, and I mean that.

  • Boy, this is gonna cause a lot of pain and suffering.

  • And I mean that in a happy way.

  • Because you wanna train, you wanna refine the character of your company.

  • You want greatness out of them.

  • And greatness is not intelligence.

  • Greatness comes from character.

  • And character is informed out of smart people.

  • It's formed out of people who suffered.

  • And so that's it.

  • And so if I could wish upon you, I don't know how to do it.

  • For all of you Stanford students,

  • I wish upon you ample doses of pain and suffering.

One of my, I think, one of my great advantages is that I have very low expectations.

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