"But there is another essential ingredient of success, and that ingredient is luck – absolute and total luck.
When were you born? Who were your parents? Where did you grow up? None of us earned these things. They were given to us.
When we strip away our luck and privilege and consider where we'd be without them, it becomes easier to see someone who's poor and sick and say ""that could be me."" This is empathy; it tears down barriers and opens up new frontiers for optimism."
Following is the text of the address by Bill and Melinda Gates, philanthropists and co-chairs of the Bill & Melinda Gates Foundation, as prepared for delivery at Stanford University's 123rd Commencement on June 15, 2014.