Bill Gates, the co-founder of  and one of the world's richest people, recently gave a commencement speech at Northern Arizona University. Gates, who now dedicates his life to philanthropy, has one of the smartest business minds in the world, so investors can learn a lot from him. Here are three takeaways from his recent address. 

Gates told graduates that while career decisions they make right after college might seem like a big deal, they are not permanent, and most people do not end up spending their entire career in one industry or position.

Investors should heed this as well. While we always recommend long-term investing at The Motley Fool, you cannot be glued to stocks and must be willing to change your position if there is a fundamental change to your initial investment thesis. The reality is that stocks you love today might no longer be good in five to 10 years.

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Source Fool.com