Too often people overestimate the significance of one big defining moment and underestimate the value of making a little progress every day.

You’re probably familiar with what’s known as the Serenity Prayer. It goes like this:

God, grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference.

There’s an important lesson here — one that’s very often glossed over…

When a chaotic reality is swirling around us, we often try to relieve our anxiety by exerting our will over external things we cannot control.

It helps us stave off one of the most dreaded feelings: complete powerlessness.

With that in mind, I have good news and bad news.

The bad news is that generally speaking, almost everything is outside your control. What other people do, whether it will rain tomorrow, whether or not your efforts will be appreciated — all of these outcomes depend on factors that aren’t YOU.

But that’s also the good news.

The friction and frustration created by trying to change things you cannot change is the crucible where a ton of unhappiness is born. Accepting that most things are outside your influence gives you explicit permission to let them unfold as they may.

Stoic philosopher Epictetus put it this way:

“Some things are in our control and others not. Things in our control are opinion, pursuit, desire, aversion, and, in a word, whatever are our own actions. Things not in our control are body, property, reputation, command, and, in one word, whatever are not our actions.”

Overcoming the “three big un’s” that so many of us struggle with daily — unhappiness, unconvinced things will ever change, unsure what to do next — begins with understanding what you can control and what you cannot.

The mental shift here is not easy. Most of us have spent a lifetime worrying about things that we can’t control. Society practically encourages this. For most, it’s a bona fide habit — one that should be replaced with a healthy understanding of how much we can actually change. Again though, it’s hard to get your mind wrapped around all this when you’re constantly hearing…

“Why don’t you just get over it?” or “Just let it go.”

We’ve all heard some flavor of this advice before. And it passes the sniff test, to a certain extent.

I mean, “time heals all wounds,” right? Well, yes… sort of. But wounds heal differently depending on how they’re treated.

Left alone, a gash in your skin will leave a large scar and be vulnerable to injury again in the future. This is why we get stitches — it helps the wound heal in a way that limits the chance of re-injury down the road.

Emotional wounds work the same way. Given enough time, most emotional pain will diminish — that’s true. But…

Just “Getting Over It” Leaves Scars

In the emotional sense, scars equal baggage — baggage we carry with us into every aspect of our lives. These scars grow and accumulate until one day you wake up suffering from one or more of the “three un’s” (unhappiness, unconvinced things will ever change, unsure what to do next).

So, don’t get over it. Go through it, one step at a time.

Honestly, I understand the desire to “get over” difficult experiences or situations rather than facing them. Revisiting painful memories or facing our present demons is really, really hard. And we as human beings are hard-wired to not cause ourselves pain.

However, as our parents taught us, ignoring a problem doesn’t make it go away.

And in addition to the scars, to ignore or downplay a wound puts you at risk for infection, emotionally as well as physically.

Unresolved issues in your life take up residence in your mind and influence your decisions, your relationships, and your attitudes. They rob you of your happiness and potential.

Of course, doing the hard yet necessary things to resolve your issues and heal your wounds can feel impossible. This is how Marc and I felt a decade and a half ago when we were knocked down and stuck in a rut after simultaneously losing two loved ones — including my dear brother — to self-harm and illness. It was nearly impossible to move anywhere significant when we didn’t feel we had the strength to push forward.

So if you’re feeling this way now — like it’s impossible to make significant progress today — you aren’t wrong for feeling what you feel. In many cases, you’re right: significant progress comes gradually with time and consistency. It’s all about taking one tiny positive step at a time, and staying the course.

Consider the following section, which is an excerpt from “The Good Morning Journal”:

The Power of Tiny Changes

Think about the fact that it only takes a one degree change in temperature to convert water to vapor, or ice to water. It’s such a tiny change — just one step in a different direction — and yet the results are dramatic. A tiny change can make all the difference in the world.

Now consider another example where a tiny change is compounded by time and distance. Perhaps you’re trying to travel somewhere specific, but you’re off course by just one tiny degree in the wrong direction…

• After one mile, you would be off course by over 92 feet.
• If you were trying to travel from San Francisco to Washington, D.C., you would land near Baltimore, Maryland, over 42 miles away from your desired destination.
• Traveling around the world from Washington, D.C. back to Washington D.C., you’d miss by 435 miles and end up landing near Boston instead.
• In a spaceship traveling to the moon, a one-degree error would have you missing the moon by over 4,100 miles.

You get the idea — over time and distance, a mere one-degree change in course makes a significant difference…

This same philosophy holds true in various aspects of our lives. The tiniest and most fundamental things we do each day — positive and negative alike — can make all the difference. They either bring us closer or farther away from where we ultimately want to be. And yet, we mostly ignore this reality. We default to behaving as if our daily actions won’t ever be significant enough. Or, again, we try to exert control over the bigger things we have no control over.

Think about it…

• How many people uphold unhealthy and unproductive habits?
• How many people wait around and procrastinate on the next positive step?
• How many people live every day of their lives moving one degree away from where they ultimately want to be?

Don’t be one of them!

Truth be told, everyone travels 24 hours a day whether they’re moving in the right direction or not.

How much richer would your life be if you committed yourself to making just one degree of effort toward improving something about your situation each day?

And even though it will surely be harder than doing nothing, it doesn’t even have to be anything that hard. You just need to muster up the courage to break free from the status quo and take one small, fundamental step forward today, and then do it again tomorrow.

Pick something tiny and productive to improve upon, and then make it a daily habit.

Doing so will make all the difference in the world — it could literally change your life — just a few short weeks down the road.

Now it’s your turn…

Yes, it’s your turn to focus on those fundamental yet life-changing steps today. So give yourself some credit right now for how far you’ve come, and then take the next step forward.

But before you go, please leave Marc and me a comment below and let us know what you think of this essay. Your feedback is important to us.

Also, if you haven’t done so already, be sure to sign-up for our free newsletter to receive new articles like this in your inbox each week.

Too often people overestimate the significance of one big defining moment and underestimate the value of making good decisions and small steps of progress on a daily basis.

You’re probably familiar with what’s known as the Serenity Prayer. It goes like this:

God, grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference.

There’s an important lesson here — one that’s very often glossed over…

When a chaotic reality is swirling around us, we often try to relieve our anxiety by exerting our will over external things we cannot control.

It helps us stave off one of the most dreaded feelings: complete powerlessness.

With that in mind, I have good news and bad news.

The bad news is that generally speaking, almost everything is outside your control. What other people do, whether it will rain tomorrow, whether or not your efforts will be appreciated — all of these outcomes depend on factors that aren’t YOU.

But that’s also the good news.

The friction and frustration created by trying to change things you cannot change is the crucible where a ton of unhappiness is born. Accepting that most things are outside your influence gives you explicit permission to let them unfold as they may.

Stoic philosopher Epictetus put it this way:

“Some things are in our control and others not. Things in our control are opinion, pursuit, desire, aversion, and, in a word, whatever are our own actions. Things not in our control are body, property, reputation, command, and, in one word, whatever are not our actions.”

Overcoming the “three big un’s” that so many of us struggle with daily — unhappiness, unconvinced things will ever change, unsure what to do next — begins with understanding what you can control and what you cannot.

The mental shift here is not easy. Most of us have spent a lifetime worrying about things that we can’t control. Society practically encourages this. For most, it’s a bona fide habit — one that should be replaced with a healthy understanding of how much we can actually change. Again though, it’s hard to get your mind wrapped around all this when you’re constantly hearing…

“Why don’t you just get over it?” or “Just let it go.”

We’ve all heard some flavor of this advice before. And it passes the sniff test, to a certain extent.

I mean, “time heals all wounds,” right? Well, yes… sort of. But wounds heal differently depending on how they’re treated.

Left alone, a gash in your skin will leave a large scar and be vulnerable to injury again in the future. This is why we get stitches — it helps the wound heal in a way that limits the chance of re-injury down the road.

Emotional wounds work the same way. Given enough time, most emotional pain will diminish — that’s true. But…

Just “Getting Over It” Leaves Scars

In the emotional sense, scars equal baggage — baggage we carry with us into every aspect of our lives. These scars grow and accumulate until one day you wake up suffering from one or more of the “three un’s” (unhappiness, unconvinced things will ever change, unsure what to do next).

So, don’t get over it. Go through it, one step at a time.

Honestly, I understand the desire to “get over” difficult experiences or situations rather than facing them. Revisiting painful memories or facing our present demons is really, really hard. And we as human beings are hard-wired to not cause ourselves pain.

However, as our parents taught us, ignoring a problem doesn’t make it go away.

And in addition to the scars, to ignore or downplay a wound puts you at risk for infection, emotionally as well as physically.

Unresolved issues in your life take up residence in your mind and influence your decisions, your relationships, and your attitudes. They rob you of your happiness and potential.

Of course, doing the hard yet necessary things to resolve your issues and heal your wounds can feel impossible. This is how Marc and I felt a decade ago when we were knocked down and stuck in a rut after simultaneously losing two loved ones — including my dear brother — to self-harm and illness. It was nearly impossible to move anywhere significant when we didn’t feel we had the strength to push forward.

So if you’re feeling this way now — like it’s impossible to make significant progress today — you aren’t wrong for feeling what you feel. In many cases, you’re right: significant progress comes gradually with time and consistency. It’s all about taking one tiny positive step at a time, and staying the course.

Consider the following section, which is an excerpt from “The Good Morning Journal”:

The Power of Tiny Changes

Think about the fact that it only takes a one degree change in temperature to convert water to vapor, or ice to water. It’s such a tiny change — just one step in a different direction — and yet the results are dramatic. A tiny change can make all the difference in the world.

Now consider another example where a tiny change is compounded by time and distance. Perhaps you’re trying to travel somewhere specific, but you’re off course by just one tiny degree in the wrong direction…

• After one mile, you would be off course by over 92 feet.
• If you were trying to travel from San Francisco to Washington, D.C., you would land near Baltimore, Maryland, over 42 miles away from your desired destination.
• Traveling around the world from Washington, D.C. back to Washington D.C., you’d miss by 435 miles and end up landing near Boston instead.
• In a spaceship traveling to the moon, a one-degree error would have you missing the moon by over 4,100 miles.

You get the idea — over time and distance, a mere one-degree change in course makes a significant difference…

This same philosophy holds true in various aspects of our lives. The tiniest and most fundamental things we do each day — positive and negative alike — can make all the difference. They either bring us closer or farther away from where we ultimately want to be. And yet, we mostly ignore this reality. We default to behaving as if our daily actions won’t ever be significant enough. Or, again, we try to exert control over the bigger things we have no control over.

Think about it…

• How many people uphold unhealthy and unproductive habits?
• How many people wait around and procrastinate on the next positive step?
• How many people live every day of their lives moving one degree away from where they ultimately want to be?

Don’t be one of them!

Truth be told, everyone travels 24 hours a day whether they’re moving in the right direction or not.

How much richer would your life be if you committed yourself to making just one degree of effort toward improving something about your situation each day?

And even though it will surely be harder than doing nothing, it doesn’t even have to be anything that hard. You just need to muster up the courage to break free from the status quo and take one small, fundamental step forward today, and then do it again tomorrow.

Pick something tiny and productive to improve upon, and then make it a daily habit.

Doing so will make all the difference in the world — it could literally change your life — just a few short weeks down the road.

Now it’s your turn…

Yes, it’s your turn to focus on those fundamental yet life-changing steps today. So give yourself some credit right now for how far you’ve come, and then take the next step forward.

But before you go, please leave Marc and me a comment below and let us know what you think of this essay. Your feedback is important to us.

Also, if you haven’t done so already, be sure to sign-up for our free newsletter to receive new articles like this in your inbox each week.

At age seven, Robert Rosenkrantz made a decision that would shape his entire life: he would take full responsibility for his future.

As a child, Rosenkrantz watched his parents struggle financially. His father was unemployed for two years, and his mother worked as a drugstore clerk.

Their financial insecurity was painfully obvious to young Robert. He never knew if the electricity or telephone service would be shut off.

But rather than seeing this as an obstacle, he saw it as a path to self-reliance.

By age 14, Rosenkrantz was managing investments for his family. By 35, he had amassed $400,000 — equivalent to about $4 million today. Then came the pivotal moment that changed everything: a negotiation with wealthy entrepreneur Joe Mailman.

When Mailman expressed concerns about traditional investment structures that created a “heads you win, tails I lose” scenario, Rosenkrantz made a bold counter-offer. He put his entire liquid net worth at risk in exchange for a 50/50 profit split with no carried interest.

“First deal, we lost $100,000. The second one, we made $100 million,” Rosenkrantz says during the interview. “So it averaged out.”

Now 82, Rosenkrantz joins us to discuss his book, “The Stoic Capitalist,” and the principles that guided his career.

For over 35 years, he’s carried the same negotiation card from “Getting to Yes” in his wallet — a reminder that negotiation isn’t about winning, but solving problems together.

We talk about his counterintuitive investment philosophy: look for companies that require minimal specialized talent, like laundromats or self-storage facilities. He says these often make better investments than those needing exceptional management, like restaurants.

This principle guided his first major success, a lawn and garden products business that essentially put dirt in bags — a simple operation that became a regional monopoly and eventually sold for $100 million.

Today, Rosenkrantz funds scientific research on longevity and hosts debate programs that present balanced perspectives on contentious issues. His philanthropy includes backing a groundbreaking study that has extended worm lifespans from 15 days to over 250 days — potentially the longest lifespan extension ever achieved in any organism.

When asked about retirement, he responds: “How do you spell that?”

His advice for decision-making comes straight from stoic philosophy: focus only on what you can control — the present and future, not the past. This means disregarding sunk costs completely when making decisions and using reason to regulate emotions.

For Rosenkrantz, counting the zeros — focusing only on opportunities with enough potential impact — helps prioritize time and delegate effectively. At 82, he still practices these principles daily, considering himself “biologically more like 70 and getting younger.”

Timestamps:

Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths.

(0:00) Intro

(2:00) Welcome and introduction to Robert Rosenkrantz

(4:00) The negotiation card from “Getting to Yes” in Rosenkrantz’s wallet

(5:00) Negotiation as problem-solving, not a contest

(7:00) Growing up on Upper West Side with financially insecure parents

(9:40) Becoming self-reliant at age seven

(13:40) First stock investment at age 14

(18:20) Managing family portfolio as a teenager

(22:40) Explanation of stoic philosophy principles

(29:00) Transition from $400k net worth to major wealth

(32:20) The pivotal negotiation with Joe Mailman

(39:22) Fear management and rational risk assessment

(43:40) First major deal loss with Ivy Hill Communications

(49:50) The stoic approach to sunk costs

(55:00) Time management and delegation strategies

(1:02:54) How interviewing is one of Rosenkrantz’s most important activities

(1:04:40) Why businesses requiring less talent often make better investments

(1:11:20) Philanthropy and longevity research funding

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