I go back to this idea that I only discovered when I was older. I wish I had known it when I was younger, because I think I missed a lot of observations in life. That is to develop your own philosophy. I always thought philosophy was one of the most useless subjects in the world.

It’s very hard to give people advice, because you don’t know their personality. Personality is a big part of that. Everybody is faced with passing opportunities. Many people watch the opportunity come and watch it go. I say, if an opportunity comes and you have got the self-confidence, grab it. Ride it for a bit. If it’s not the right opportunity, do something else, but be positive about opportunities.

So any student who wants to get into psychology, right now the students are like lemmings. They say, “Well, it’s popular to study brain science, I’ll do that.” Or, “It’s popular to do neural networks; I see 30,000 people doing it, it must be good.” And my advice is if a lot of people are doing it, don’t waste your time.

Getting rich slow isn't actually slower. It's slower in year one, but it might be faster in year seven.

Having found suitable men, our next problem was to keep them and nurture them until they were ready. To do that I had to give them work of significance to do, and not treat them as apprentices. As I allotted them important tasks, some of the old guard became apprehensive for their own positions. They saw no reason why these bright, young, energetic men who had not contributed to the struggle, should come in and displace them before they were ready to go.

Our young should prepare to seek their fortunes in this golden age. It is silly to moan that properties and cars are going out of their reach. They will never be out of reach of those who seize their opportunities. Of course those on profit sharing schemes and stock options will do better than those on salaries. But even those on salaries will have their salaries double in the next 10 years of high growth. The big winners will be those who find a vein of gold and dig it out. But you have to work to find it and dig it out. Those who bemuse and befuddle themselves into believing the great opportunities are already behind them will regret it when they see their more discerning and perceptive contemporaries prosper.