Minimizing burden and getting out of people's way is as valuable as actively helping. Accepting discomfort and being adaptable are crucial skills. Endurance and gracefully exiting are important in evolving industries. Warren Buffett exemplifies the balance between patience and adaptability. These skills are timeless.
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.