The Naval Podcast – Escape Competition Through Authenticity

Check out Naval’s Episode Page & Show Notes

This podcast clip is part of an ongoing conversation between Naval Ravikant and Babak Nivi. Unless otherwise noted, quotes are from Naval. For reference, check out Naval’s famous How to Get Rich tweet storm.

Key Takeaways

  • Humans are highly memetic creatures – we tend to copy what everybody else is doing, including our desires
  • Very often, you get trapped in the wrong game because you’re competing
  • The best way to escape competition is to just be authentic to yourself
    • If you’re building and marketing something which is an extension of who you are, no one can compete with you on that
      • Think – It’s near IMPOSSIBLE to compete with someone like Joe Rogan or Scott Adams
      • This is easiest to see in art, but even entrepreneurs are authentic (the businesses and product they create should be authentic to their desires and means)
    • “Authenticity naturally gets you away from competition”
  • In entrepreneurship, the masses are never right
    • “If the masses knew how to build great things and create great wealth we’d all already be done. We’d all already be rich by now.”
  • “Generally, most people will make the mistake of paying too much attention to the competition and being too much like the competition and not being authentic enough”
  • The great founders tend to be authentic iconoclasts
  • As Robert Frost said – “Combine your vocation and your avocation” (what you love to do and what you do do)
    • Long term, if you’re good and successful at what you do, you’ll find you’re pretty much doing your hobbies for a living
  • “Ideally you want to end up specializing in being you”
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