And so you [young Americans]need to be the Idea Generation. The generation who's always thinking on the cutting edge, who's wondering how to create and keep the next wave of American jobs and American innovations, who's figuring out how to out-compete the Idea Generations of Indias and Chinas of the world.
My second piece of advice is to stay global. As the world continues to change and we become more connected to each other, globalization will bring both benefits and disruptions to our lives. But either way, it's here, and it's not going away.
But today, just a few years into the twenty-first century, we already find ourselves in a different and precarious position. As revolutions in communications and technology have broken down barriers across the world, it has given more power to both our competitors and our enemies.
I would say you might encounter many defeats but you must never be defeated, ever. In fact, it might even be necessary to confront defeat. It might be necessary, to get over it, all the way through it, and go on. I would teach her to laugh a lot. Laugh a lot at the - and the silliest things and be very, very serious. I'd teach her to love life, I can bet you that.
We believe that no matter where you live - whether a village in Punjab or the bylanes of Chandni Chowk, an old section of Kolkata or a new high-rise in Bangalore - every person deserves the same chance to live in security and dignity, to get an education, to find work, and to give their children a better future.
The meaning of life is just to be alive. It is so plain and so obvious and so simple. And yet, everybody rushes around in a great panic as if it were necessary to achieve something beyond themselves.
We may have different backgrounds, but we believe in the same dream that says this is a country where anything's possible. No matter who you are. No matter where you come from.