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The Daily Stoic

This Is Always There | Ask DS

The Daily Stoic

Daily Stoic | Backyard Ventures

Stoic, Stoicism, Business, Philosophy, Society & Culture, Education, 694393, Daily Stoic, Ryan Holiday, Self-improvement, Stoic Philosophy

4.55.3K Ratings

🗓️ 27 July 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

Every retail business knows about shrinkage–the percentage of goods shoplifted or stolen off the floor. Every manufacturer knows how to calculate their defect rate–because no production run is perfect. Every shipping company knows there will be an error rate, a delivery failure rate, even a disappeared-into-thin-air rate. Every credit card processor knows about fraudulent purchase rates and disputed charges. And the bigger the businesses, the larger these numbers are, certainly in terms of cost.

It’s frustrating. It’s expensive. It’s also a fact of life.

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And in today's Ask Daily Stoic, Ryan answers questions about why he chose to study Stoicism, tricks that the Stoics had for being still, his strategies for helping athletes understand that an inflated ego is the enemy, and more as part of a Q&A session after a speech he gave to execs at a Tennessee Athletics retreat.

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Daily Stoic podcast, where each day we read a passage of ancient wisdom

0:07.7

designed to help you in your everyday life.

0:10.3

Well on Thursdays, we not only read the Daily Meditation, but we answer some questions

0:14.2

from listeners in fellow Stoics.

0:15.8

We're trying to apply this philosophy just as you are.

0:20.2

Some of these come from my talks.

0:22.0

Some of these come from Zoom sessions that we do with Daily Stoic Life members or as part

0:28.0

of the challenges.

0:29.8

Some of them are from interactions I have on the street when there happen to be someone

0:33.5

they're recording.

0:34.5

But thank you for listening and we hope this is of use to you.

0:45.2

This is always there.

0:47.7

Every retail business knows about shrinkage, the percentage of goods shoplifted or stolen

0:52.7

off the floor.

0:54.4

Every manufacturer knows how to calculate their defect rate because no production run is

0:58.6

perfect.

0:59.6

Every shipping company knows there will be an error rate, a delivery failure rate, even

1:04.0

a disappeared into thin error rate.

1:06.6

Every credit card processor knows about fraudulent purchase rates and disputed charges.

1:11.8

And the bigger the business, the larger these numbers are, certainly in terms of cost.

1:17.0

It's frustrating, it's expensive, it's also a fact of life.

1:21.0

Market's a really is writes that a world without obnoxious people is impossible.

...

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