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Motley Fool Hidden Gems Investing

Is Grit Overrated?

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 23 June 2020

⏱️ 2 minutes

🧾️ Download transcript

Summary

In general, perseverance is a good thing. But David Epstein, author of the best-selling book Range: Why Generalists Triumph in a Specialized World, points out that demonstrating grit is not always the best course of action.   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

With the monthly full money extra, I'm Chris Hill.

0:09.7

It seems to happen more often in sports than in the business world, but every now and

0:13.6

then you'll hear about someone's perseverance.

0:16.9

They overcame their lack of above average talent and intellect with hard work, with grit.

0:23.8

But what if grit is overrated?

0:26.0

Last year I got the chance to interview David Epstein in front of a live audience.

0:30.4

David is a New York Times bestselling author.

0:33.1

His most recent book is Ranged, Why Generalist Triumph in a Specialized World.

0:39.1

And one of the topics that book explores is a rethinking of the idea that grit is this

0:45.4

inherently great quality that should be embraced at all times, no matter what.

0:52.1

So grit, do you probably heard of it?

0:53.7

This psychological construct, you take a survey, half the points are awarded for resilience,

0:57.8

and half the points for consistency of interests.

1:01.1

And the most famous study was on West Point cadets who were going through the six week orientation

1:05.7

called beast barracks.

1:07.3

And grit turned out to be a better predictor of who would make it through than were the

1:10.9

more traditional measures.

1:12.4

Most of them made it through anyway, not very many quit.

1:15.8

But that's great.

1:16.8

But then you fast forward to, you know, those West Point funds those people because they

1:20.7

want them to stay 20 years.

1:23.0

And yet half of them are leaving basically the day they're allowed.

...

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