The Naval Podcast – Escape Competition Through Authenticity

Check out Naval’s Episode Page & Show Notes

This podcast clip is part of a conversation between Naval Ravikant (@naval) and Babak Nivi (@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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