The Morgan Housel Podcast cover image

The Dumber Side of Smart People

The Morgan Housel Podcast

The Challenge of Adapting to Changing Realities

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Famous individuals known for smart ideas can struggle to move on if their ideas are proven wrong or outdated, leading to clinging to bad ideas. Ego and client expectations can hinder adaptation for successful professionals who are expected to repeat past successes. Those with past accomplishments are at risk of being bogged down by outdated expertise, especially in evolving systems where expertise has a shelf life. Surprisingly, it is often the smartest individuals who struggle the most to admit that their brilliance cannot be replicated.

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