Angela Duckworth James Altucher Grit

GRIT Part 1: The Power of Passion and Perseverance with Angela Duckworth | The James Altucher Show

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Key Takeaways

  • You will get criticized no matter what you do, so develop a thick skin
  • When giving a contrarian opinion, use stories to help overcome cognitive dissonance
  • Mastery is acquired over thousands of hours of deliberate practice
  • Make gratitude a habit, think of 3 things to be grateful for every morning
  • “There are different ways to look at something and there different things to look at” – Angela Duckworth
    • Be aware of where your attention goes and how you interpret reality
  • Grit is having stamina, passion, and perseverance for long-term goals
  • Passion is a game of duration rather than intensity. Finding and growing into your passion is a gradual process
    • Ask yourself, why did you begin doing something in the first place, what sparked your attraction?

Intro

Develop a Thick Skin

  • You will always be criticized no matter your opinions or your work, so listen to good arguments and develop a thick skin for other criticisms
  • Criticisms usually trigger a cognitive dissonance reaction;, this is especially true of opinions that go against what you believe to be true
    • For instance, opinions like don’t go to college, voting is meaningless, don’t buy a house

Overcoming Cognitive Dissonance

  • You can deliver your message without being tone-deaf and without changing your beliefs
    • To that end, use stories to help people overcome cognitive dissonance
    • Keep in mind, stories are dangerously useful, people may get carried away and believe things that are not true
  • The timing of your message matters, people will evaluate what you say in addition to when you say it
    • This reflects where people think the conversation ought to be
  • Remember, “The more you stick out like a nail, the more likely you are to get hammered” – James Altucher

Deliberate Practice

  • In Peak, author Anders Ericsson argues that expertise is acquired over thousands of hours of deliberate practice, rather than a talent one is born with
    • Think of hours of practice as assembling chunks of domain expertise. While a talent is a shortcut to the first few hundred chunks, a grandmaster has 100K chunks
  • Most things in human nature are continua, not categories
    • People fall on different parts on the spectrum of talent and they learn at different rates

Grit

  • Grit is having stamina, passion and perseverance for long-term goals
  • Passion is a game of duration rather than intensity
    • Passionate people spend a lifetime consistently honing their craft
  • It’s a romanticized idea that finding your passion is a sudden abundant realization
    • In reality, it’s a gradual process and many grow into their calling
    • Ask yourself, why did you begin doing something in the first place, what sparked your attraction?

Happiness

  • Everybody has got a different baseline for happiness and you can always shift your positional set point in an enduring way, no matter your genes or previous experience
    • In effect, intentionally making yourself happier
  • Make gratitude a habit, think of 3 things to be grateful for every morning
    • Happy people frame negative events in positive light
  • “There are different ways to look at something and there different things to look at” – Angela Duckworth
    • Be aware of where your attention goes and how you interpret reality

Pandemic Issues

  • Restaurants are going out of business because of extended shutdowns and regulations, even more with winter coming
    • This has a crippling effect on taxes and tourism revenues that pay for all the services in New York city
  • 1 in 4 New Yorkers haven’t paid rent since March and people are leaving their apartments in a mass exodus
    • Put simply, nobody keeps 10 months in cash saved up for rent

Miscellaneous

  • Repetitive advertisements and exposure prime you for purchasing something
  • Cities have different cultures, some can embody a culture of grit more than others
  • A house isn’t an asset; it’s a consumption good
    • People park their capital in houses, but it doesn’t generate income like an actual asset is supposed to
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Notes By Mostafa Khaled

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