Expiring vs. Permanent Skills
@tags:: #lit✍/📰️article/highlights
@links::
@ref:: Expiring vs. Permanent Skills
@author:: Morgan Housel
=this.file.name
Reference
=this.ref
Notes
(highlight:: Every field has two kinds of skills:
• Expiring skills, which are vital at a given time but prone to diminishing as technology improves and a field evolves.
• Permanent skills, which were as essential 100 years ago as they are today, and will still be 100 years from now.)
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(highlight:: Expiring skills tend to get more attention. They’re more likely to be the cool new thing, and a key driver of an industry’s short-term performance. They’re what employers value and employees flaunt.
Permanent skills are different. They’ve been around a long time, which makes them look stale and basic. They can be hard to define and quantify, which gives the impression of fortune-cookie wisdom vs. a hard skill.)
- View Highlight
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Getting along with people you disagree with. Equally smart people can come to different conclusions. And as Larry Summers once noted, “There are idiots; look around.” Some of these people can be avoided. Many can’t. You have to deal with them diplomatically. People who view every disagreement as a battle that must be won before moving on end up stuck and bitter.
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- [note::Reminds me of "the minimum amount of bullshit you're willing to accept"]
Respecting luck as much as you respect risk. Acknowledging risk is when something happens outside of your control that influences outcomes and you realize it might happen again. Acknowledging luck is when something happens outside of our control that influences outcomes and you realize it might not happen again.
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dg-publish: true
created: 2024-07-01
modified: 2024-07-01
title: Expiring vs. Permanent Skills
source: reader
@tags:: #lit✍/📰️article/highlights
@links::
@ref:: Expiring vs. Permanent Skills
@author:: Morgan Housel
=this.file.name
Reference
=this.ref
Notes
(highlight:: Every field has two kinds of skills:
• Expiring skills, which are vital at a given time but prone to diminishing as technology improves and a field evolves.
• Permanent skills, which were as essential 100 years ago as they are today, and will still be 100 years from now.)
- View Highlight
-
(highlight:: Expiring skills tend to get more attention. They’re more likely to be the cool new thing, and a key driver of an industry’s short-term performance. They’re what employers value and employees flaunt.
Permanent skills are different. They’ve been around a long time, which makes them look stale and basic. They can be hard to define and quantify, which gives the impression of fortune-cookie wisdom vs. a hard skill.)
- View Highlight
-
Getting along with people you disagree with. Equally smart people can come to different conclusions. And as Larry Summers once noted, “There are idiots; look around.” Some of these people can be avoided. Many can’t. You have to deal with them diplomatically. People who view every disagreement as a battle that must be won before moving on end up stuck and bitter.
- View Highlight
-
- [note::Reminds me of "the minimum amount of bullshit you're willing to accept"]
Respecting luck as much as you respect risk. Acknowledging risk is when something happens outside of your control that influences outcomes and you realize it might happen again. Acknowledging luck is when something happens outside of our control that influences outcomes and you realize it might not happen again.
- View Highlight
-