The document discusses John Gokongwei Jr.'s views on entrepreneurship in the Philippines. It includes excerpts from a speech he gave encouraging graduates to become entrepreneurs rather than take high-paying corporate jobs, as entrepreneurship is needed to drive innovation and economic growth. It notes that many of the largest Philippine companies today are the same as before WWII, showing a lack of new businesses and ideas. The document advocates taking risks to start new companies that create jobs, and cites examples of young, successful Filipino entrepreneurs. It also includes a short interview where Gokongwei discusses how he would invest 1 million or 10 million pesos if he had it.