BREAKING: Gwyneth Paltrow is self-aware enough to know you (and Martha) might not be that into her and she is okay with it enough to joke about it.

A few weeks ago, Martha Stewart now infamously said of Paltrow, "She just needs to be quiet. She's a movie star. If she were confident in her acting, she wouldn't be trying to be Martha Stewart."

But at Fortune's Most Powerful Women Summit (topical!) Tuesday evening, Paltrow made like Taylor Swift and shook off those comments. When asked about her "smackdown" from Martha (which apparently Gwyneth had "a better term for" that the interviewer "would not repeat" - ?!?!?!? what was it?), Paltrow said:

First of all, no one has ever said anything bad about me before, so I'm shocked and devastated. I'll try to recover. [Laughs]

If I'm really honest, I'm so psyched that she sees us as competition. I'm so psyched. I really am.

I think that when anybody criticizes anyone, it's revealing more about where they are in time and space as opposed to where you are in time and space. I think generally we tend to lash out if we're in a, you know it's usually a reflection of something else. At this point in my life I don't take it personally. I see it as a projection. And if there's ever anything that sticks then I know, "oh, I'm holding this judgment against myself and I need to look at that." And you know sometimes I learn good things from criticism.

You go Gwyneth – ride off into the sunset with your burgeoning successful business and your new CEO and DO YOU.

Image via Frederick M. Brown/Getty