This is the best college commencement address I’ve ever heard, given at Stanford in 2005. It’s all the more remarkable coming from a man who never graduated from college, Steve Jobs.

He recounts three brief stories of failure in his life: his decision to drop out of college, getting canned by the Apple board, and his near-death experience coping with a rare pancreatic tumor.

As he explains, each of these humbling experiences turned out to be a tremendous learning experience, altering his course in life and deepening his understanding of himself.

This is well worth 15 minutes of your time.