Saturday, April 07, 2007

The Inventors

When one counts the people who have the greatest influence on the quality of our lives today, two men stand atop my list: Bill Gates and Steve Jobs. No political leader even comes close. You can say the same about Thomas Edison and the trio of scientists – Shockley, Brattain and Bardeen - who invented the transistor in 1947. Without semiconductors, of course, neither Gates not Jobs could have launched their revolutions. In science, giants always stand on the shoulders of earlier giants.

Parents who struggle to ante up today’s obscenely high college tuitions might mark the fact that Gates and Jobs were both college dropouts – Gates from Harvard, Jobs from Reed. It would be foolish to conclude from that fact that a college education is a waste of money, but there was something in the DNA of these two legendary inventors that would have flourished with or without the college experience. In fact, it is possible that, had either man spent more time in the classroom, he might have missed the moment and the inspiration.

A college education is essential for a doctor or a lawyer, but it is not essential for an inventor. Thomas Edison, the greatest among those earlier giants, lacked even a high school education, let alone college. Edison considered that his education was his own responsibility, not that of his parents or the government, so he read incessantly. Of course, people like Edison, Gates, and Jobs are rare, and most of us need a little help.

The country and the world desperately need people like Steve Jobs and Bill Gates. We need such people more than we need any of the wannabe presidents who fill our TV screens these days. (Come to think of it, a President Gates or a President Jobs might not be the worst thing that could happen to this country.) Inventors can transform our lives in ways we can’t even imagine, and almost always for the better.

We also need people who can recognize genius when they see it. In late 1979, I had dinner at the Oyster Bar in New York with a securities analyst. In those days, securities analysts were expected to analyze companies, not just deliver sound bites on CNBC, and to write long, detailed reports on their subjects. This analyst was one of the best in the business, and at the moment he was filled with enthusiasm for his latest discovery: a personal computer armed with a spreadsheet program called VisiCalc. He fairly bubbled over as he described the power of the spreadsheet to me and my daughter Lucy, a CPA. It was clear that the analyst was on to something big, but we couldn’t see how big or where it would lead. He saw, because analyzing was what he did, and in time that analyst, whose name was Ben Rosen, would parlay his analytical ability into a position atop the computer industry, as Chairman of Compaq. I have to believe that his impressive writing ability helped, too.

We don’t make enough of our great inventors. Yes, the best of them make a lot of money, but their wealth seems to attract resentment as much as it does admiration. I don’t begrudge Gates or Jobs one dollar of their fortunes, which are insignificant compared with the total economic prosperity their inventions have generated. Consider a world without personal computers, word processors, spreadsheets, and data processing. I don’t think we could afford it.

And, most amazingly, both Gates and Jobs are still working hard to bring us all even more technical advances. It can’t be the money; it must be love of the process. Or noblesse oblige: Once you have been designated a wünderkind, it would be almost churlish to pack it in and retire to St. Bart’s. Whatever the reason, we are all lucky to have them thinking up new wonders for us.

So say I, as I type this with the aid of Microsoft Word on my Macintosh computer. Thanks, Bill. Thanks Steve.