For a very long time, when somebody would pay me a compliment I was going to diminish it.
Either I was going to switch the attention on the indefinite number of things that were still far from worthy of a compliment (in my work, in my deliverables, in myself, in the world), or I was just going to play down the importance of what I did with reference to the bigger picture (this is not going to help us achieve what we want anyway!).
Somehow, I now realize this is a selfish and harmful thing to do.
It does not give resolution to the person paying the compliment, therefore fostering a culture that is not incline to doing so. And it tends to increase self-expectations, setting yourself up for continuous disappointment.
“Thank you!” is a great way to reply to a compliment.
There will always be ample time later to think about what is still missing and to consider the value of the compliment for your broader story.