The Conversation: Life Lessons from Bill Gates and Bill Gates Sr.

June 4, 2010— -- Bill Gates is not someone who wants to hear the word impossible. After revolutionizing the computer industry, he and his wife Melinda, are now reaching for even loftier goals as their foundation works to fix the education system in America and eradicate diseases like TB and malaria around the world.

Right by their side on this journey of problem solving, is Gate's father, Bill Gates Sr., who is a co-chair of the foundation. Having raised three successful children, and lived an amazing lifetime of experiences, Gates Sr. decided to share his life lessons with others, in a book entitled "Showing Up for Life." Recently released in paperback the book is a collection of memories, stories, and lessons Gates Sr. has collected over the years.

In today's Conversation Gates and his father stopped by ABC News to chat with Diane Sawyer about some of those very lessons they want to share with others. Hear what Gates has learned from his father over the years, and what differences Gates Sr. sees in young people nowadays.

And while the two admit the goals of their foundation are high and difficult to accomplish, hear why they are still so optimistic that their dreams are achievable.