49 min listen
Expiring vs. Permanent Skills
ratings:
Length:
15 minutes
Released:
Nov 17, 2023
Format:
Podcast episode
Description
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.But permanent skills compound over time, which gives them quiet importance. When several previous generations have worked on a skill that’s directly relevant to you, you have a deep well of relevant examples to study. And when you can spend a lifetime perfecting one skill whose importance never wanes, the payoffs can be ridiculous. Anything that compounds over decades usually is.This episode discusses a few permanent skills that apply to many fields.
Released:
Nov 17, 2023
Format:
Podcast episode
Titles in the series (42)
Rules of the Money Game by The Morgan Housel Podcast