Competition is for Losers

Mar 1, 2021

Peter Thiel famously remarked that "Competition is for Losers". While he used that headline to emphasize that businesses need to be monopolies, the statement has alternate interpretations that are true. My experience has been that when you compete, you have much more to lose than to gain.

It is useful to observe others, to learn how you should fine tune your practice but beyond that any form of competition only has negative effects. Being competitive, changes focus from what is in your control to what others are doing, and not only distracts you from being in practice but is also the surest way to surrender your keys to happiness to someone else.

Competition is also the gateway to other negative emotions like jealousy, stress and malice. An easy hack is to think of everyone you are interacting with as your teacher, as someone who has something valuable to help you in your practice. That way, you will have no one to compete with but will instead be surrounded by a tribe of teachers. You erase an artificial scorecard from your mind and will channel all that valuable time and energy to your practice, to mastering your craft and towards leading a fulfilling life.