Instead of my bike, I now traveled on a batel-a boat so small that on windless days, we would just float there. On bad days, the trip could take two weeks!

During one trip, our batel sank! We would have all perished in the sea were it not for my inventory of tires. The viajeros were happy because my tires saved their lives, and I was happy because the viajeros, by hanging on to them, saved my tires. On these long and lonely trips I had to entertain myself with books, like Gone With The Wind.

After the war, I had saved up 50,000 pesos. That was when you could buy a chicken for 20 centavos and a car for 2,000 pesos. I was 19 years old.

Now I had enough money to bring my family home from China. Once they were all here, they helped me expand our trading business to include imports. Remember that the war had left the Philippines with very few goods. So we imported whatever was needed and imported them from everywhere-including used clothes and textile remnants from the United States. We were probably the first ukay-ukay dealers here.

Then, when I had gained more experience and built my reputation, I borrowed money from the bank and got into manufacturing. I saw that coffee was abundant, and Nescafe of Nestle was too expensive for a country still rebuilding from the war, so my company created Blend 45.

That was our first branded hit. And from there, we had enough profits to launch Jack and Jill.

From one market stall, we are now in nine core businesses-including retail, real estate, publishing, petrochemicals, textiles, banking, food manufacturing, Cebu Pacific Air and Sun Cellular.

When we had shown success in the smaller businesses, we were able to raise money in the capital markets-through IPOs and bond offerings-- and then get into more complex, capital-intensive enterprises. We did it slow, but sure.

Success doesn't happen overnight. It's the small successes achieved day by day that build a company. So, don't be impatient or focused on immediate financial rewards. I only started flying business class when I got too fat to fit in the economy seats.

And I even wore a used overcoat while courting my wife-it came from my ukay-ukay business. Thank God Elizabeth didn't mind the mothball smell of my overcoat or maybe she wouldn't have married me.

Save what you earn and plow it back.

And never forget your families! Your parents denied themselves many things to send you here. They could have traveled around the world a couple of times with the money they set aside for your education, and your social life, and your comforts.

Remember them-and thank them.

When you have families of your own, you must be home with them for at least one meal everyday.

I did that while I was building my company. Now, with all my six children married, I ask that we spend every Sunday lunch together, when everything under the sun is discussed.

As it is with business, so it is with family. There are no short cuts for building either one.

Remember, no short cuts.

Saint Ignatius of Loyola, your patron saint, and founder of this 450-year old organization I admire, described an ideal Jesuit as one who "lives with one foot raised." I believe that means someone who is always ready to respond to opportunities.

Saint Ignatius knew that, to build a successful organization, he needed to recruit and educate men who were not afraid of change but were in fact excited by it.

In fact, the Jesuits were one of the earliest practitioners of globalization. As early as the 16th century, upon reaching a foreign country, they compiled dictionaries in local languages like Tamil and Vietnamese so that they could spread their message in the local language. In a few centuries, they have been able to spread their mission in many countries through education.

The Jesuits have another quote. "Make the whole world your house" which means that the ideal Jesuit must be at home everywhere. By adapting to change, but at the same time staying true to their beliefs, the Society of Jesus has become the long-lasting and successful organization it is today and has made the world their house.

So, let live with one foot raised in facing the next big opportunity: globalization.

Globalization can be your greatest enemy. It will be your downfall if you are too afraid and too weak to fight it out. But it can also be your biggest ally.

With the Asian Free Trade agreement and tariffs near zero, your market has grown from 80 million Filipinos to half a billion Southeast Asians.

Imagine what that means to you as an entrepreneur if you are able to find a need and fill it. And imagine, too, what that will do for the economy of our country!

Yes, our government may not be perfect, and our economic environment not ideal, but true entrepreneurs will find opportunities anywhere.

Look at the young Filipino entrepreneurs who made it. When I say young-and I'm 77, remember-I am talking about those in their 50s and below. Tony Tan of Jollibee, Ben Chan of Bench, Rolando Hortaleza of Splash, and Wilson Lim of Abensons.

They're the guys who weren't content with the 9-to-5 job, who were willing to delay their gratification and comfort, and who created something new, something fresh.

Something Filipinos are now very proud of.

They all started small but now sell their hamburgers, T-shirts and cosmetics in Asia, America, and the Middle East.

In doing so, these young Filipino entrepreneurs created jobs while doing something they were passionate about.

Globalization is an opportunity of a lifetime-for you. And that is why I want to be out there with you instead of here behind this podium-perhaps too old and too slow to seize the opportunities you can.

Let me leave you with one last thought.

Trade barriers have fallen. The only barriers left are the barriers you have in your mind.

So, Ateneans, Class of 2004, heed the call of entrepreneurship.

With a little bit of will and a little bit of imagination, you can turn this crisis into your patriotic moment-and truly become a person for others.

"Live with one foot raised and make the world your house."

To this great University, my sincerest thanks for this singular honor conferred on me today.

To the graduates, congratulations and Godspeed.

"Ad Majorem Dei Gloriam".

Thank you.
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AMDG - Ad Majorem Dei Gloriam (whatever I do, I do it for the greater glory of GOD)