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Ivanka (Ivanka Trump) on escaping competition through authenticity: "Naval always says escape competition through authenticity. If you're competing it's because you're copying. Build something that fully comes from you and that will feel most right. It’s also the thing that's least replicable. I love the idea of just escaping...

162,141 views • 2 months ago •via X (Twitter)

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Peter Thiel gave a 17-minute masterclass on why competition is for losers and how to build a monopoly from scratch: "If you're a founder or entrepreneur, what you want to aim for is monopoly. You want to build a company that is so differentiated from the competition that it's not even competing." Peter continues: "The conventional wisdom is that capitalism and competition are synonyms. I believe they're antonyms. A capitalist is someone who's in the business of accumulating capital. A world of perfect competition is a world where all the profits get competed away. If you want to compete like crazy, you should just open a restaurant in Chicago." He explains why this truth stays hidden: "People who have monopolies don't talk about it, they pretend not to have monopolies. And people who don't have monopolies pretend to have something unique about their business, otherwise nobody would invest. Google will never say, 'We have 66% of the search market.' They'll say, 'We're a technology company,' and suddenly there's competition everywhere. Conversely, if you start a restaurant, you'll tell investors it's the only British-Nepalese fusion cuisine in downtown Chicago." Peter warns about the seduction of competition: "When you compete ferociously, you get better at that which you're competing on. But you will narrow your focus to beating the people around you, and it often comes at a very high price of losing sight of what is more important or more valuable." He concludes: "There's always a tiny door where everyone's trying to rush through. But around the corner, there may be a vast and secret gate that no one's taking. You should always find the secret path and take it."

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Rich Roll on why waiting to "feel like it" is a trap: "You can't think your way into the mood that you seek or the state of mind that you aspire to inhabit. Action is the only thing that can trigger that change." Rich uses running as the perfect illustration of this principle. Imagine you wake up in the morning and you're supposed to do a run because you're training for a race. You don't feel like it. So what do most of us do? "We all resort to that state where we think, 'Well, I don't want to do it right now. I'll just wait until I feel like doing it and then I'll do it then.'" But here's the problem with that logic: "If you're waiting until you feel like doing something, chances are you're probably never going to get to it." The mood you're hoping will arrive on its own? It's not coming. Not without action first. "To take the action despite how you feel about it is the thing that catalyzes the state change." You don't run because you feel motivated. You feel motivated because you ran. He points to what every runner knows from experience: "When they finish the run, they're always glad that they did it. They don't generally regret it. And then they feel better." Notice the sequence. The good feeling comes after the action, not before it. The state change is the reward for showing up, not the prerequisite. And this isn't just about running. As Rich puts it: "That example is applicable to all areas of life." The workout you're avoiding. The conversation you're delaying. The project you're putting off until you're "in the right headspace." You're waiting for a feeling that only exists on the other side of doing the thing.

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