"Your time is limited, so don't waste it living someone else's life," Jobs said, according to an article on Stanford's Web site. "Don't let the noise of others' opinions drown out your own inner voice."
Jobs, who dropped out of Portland's Reed College, told the crowd that getting fired from Apple Computer was one of the best things that happened to him, allowing him to enter one of the most creative periods in his life.
"I'm pretty sure none of this would have happened if I hadn't been fired from Apple. It was awful-tasting medicine, but I guess the patient needed it," he said, according to a San Francisco Chronicle report.
In speaking about his cancer scare last year, Jobs revealed that doctors had initially given him six months to live before a biopsy showed that his was a rarer, but more treatable form of pancreatic cancer.
And, for those who want to know what the CEO was wearing, the Stanford article noted that Jobs wore jeans and sandals under the traditional academic robe.