John Taylor, Professor of Economics at Stanford University and developer of the "Taylor Rule" for setting interest rates | Stanford University
John Taylor, Professor of Economics at Stanford University and developer of the "Taylor Rule" for setting interest rates | Stanford University
Philanthropist and businesswoman Melinda French Gates addressed Stanford University's Class of 2024 at the institution's 133rd Commencement ceremony on Sunday morning. In her speech, she reflected on navigating difficult transitions throughout her life, including career changes, having children, and losing a close friend.
“I’ve learned that the next day is when the real work begins. Because what we do the next day is what makes us who we are,” French Gates said to the graduates.
French Gates acknowledged the numerous challenges faced by this year’s graduates, including a global pandemic and multiple wars. “There’s no question you are graduating into a different world than the one you matriculated into,” she stated. “But you are also leaving this campus prepared to be the leaders we all need.”
Approximately 20,000 people attended the celebration at Stanford Stadium. The event featured a formal procession, followed by student traditions such as the Wacky Walk. Musical performances were provided by groups including the Stanford Jazz Workshop and Stanford Chamber Chorale.
Provost Jenny Martinez presented several awards during the ceremony, including those for Advancement of the Common Good and various academic distinctions.
During her address, French Gates shared lessons from her experiences with transitions. She advised approaching change with "radical openheartedness" and encouraged graduates to embrace uncertainty and remain open to new paths in life.
“Resist the idea that anything you’ve done here at Stanford has already locked you into one path or any one kind of life or career,” she urged.
French Gates also emphasized finding support in others and cultivating trust within communities. Quoting Charlie Munger, she said: “The highest form which civilization can reach is a seamless web of deserved trust – totally reliable people correctly trusting each other.”
Stanford President Richard Saller congratulated graduates on their achievements despite global challenges. He highlighted significant improvements in health outcomes, literacy rates, and other metrics due to education and knowledge dissemination.
“In the long view of history, these are absolutely stunning changes," Saller noted. "I am optimistic that your generation will take on the challenges with the knowledge and spirit that you have acquired here at Stanford.”
The ceremony included traditional elements such as students arriving in costumes for Wacky Walk. Senior Julia Wortman described her time at Stanford as "filled with love and friendships." Fellow senior Harper Hummelt expressed gratitude for family presence during graduation celebrations.
On Sunday, Stanford awarded 1,838 bachelor’s degrees, 2,575 master’s degrees, and 1,003 doctoral degrees among various honors distinctions.
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