The essence of this 5:20 video is to say that creative artists should be patient with themselves during that phase of their creative life when their taste exceeds ability to create:
So they cannot then create something that meets their own standards.
Amazingly, 395 reviewers of the youtube video gave it an average of 5 stars. Whatever.
Ira is a great story teller. But this is not a story: it's a blog post. [This picture is worth less than a 1000-word summary. (or 100 word summary) ]
Maybe the other parts (#1 & #2) are more worth.