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The Morgan Housel Podcast

Rare and Powerful Skills

The Morgan Housel Podcast

Morgan Housel

Business

4.91.1K Ratings

🗓️ 4 November 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

A few easy-to-overlook skills that are so vital in today's world. 

Brought to you my friends at Readwise -- visit Readwise.io/morgan. 

Transcript

Click on a timestamp to play from that location

0:00.0

Let me tell you a quick story, one that I think about quite a bit. On his way to be sworn in,

0:08.2

as the most powerful man in the world, Franklin Delano Roosevelt had to be lifted out of his car and

0:14.5

carried up the stairs. Francis Perkins, who campaigned with Roosevelt and later became Secretary of Labor,

0:22.9

said that the most remarkable thing about Franklin Roosevelt's paralysis

0:26.8

was how little its hindrance seemed to bother him.

0:31.3

Roosevelt once told her, quote,

0:32.6

If you can't use your legs and they bring you milk when you wanted orange juice,

0:38.0

you learn to say, that's all right, and you drink it.

0:43.1

So here is why I like that story,

0:45.0

because I think this is a very useful and overlooked skill,

0:48.0

which is what this episode is about today.

0:50.4

And that is accepting a certain degree of hassle and nonsense when reality demands it.

0:56.5

When the situation you are in demands that you have to accept hassle and nonsense and setback and pain and uncertainty, that you accept it.

1:05.7

That is an incredible skill that can do you a lot of good in life.

1:10.1

It is not an enjoyable skill to have, which makes it

1:12.9

overlooked in the world. But you realize how useful it can be once you spot somebody who lacks

1:18.6

this skill. And they struggle to get through the day. They are upset by the smallest little hassle

1:24.3

that they come across. I was once on a flight with a CEO of a large

1:30.3

company. He let everybody on the flight know that that's who he was. And he lost his mind

1:35.9

after the flight changed gates twice. We had to switch gates twice. And he was ranting and raving

1:42.5

in public in front of everybody and to the gate agent.

1:46.0

And I wondered, I thought to myself, how did he make it this far in life without the ability to deal with petty annoyance outside of his control?

...

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