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Competition

Competition is great. It is a deeply rooted evolutionary trait that we all possess. What started as a tool for survival is now much more: a tool to thrive and excel, a tool to climb the socioeconomic ladder, and more.

Some people are so competitive that they are willing to compete with anyone at all. They don’t discriminate, whether it’s someone smarter than them in general, their mentors, or even co-founders. They want to be seen as the better co-founders.

I disagree with that kind of energy. There needs to be a desire for collaborative synergy with people you think are smarter than you, and especially if they are your mentors or co-founders.

Super competitive people can sometimes not comprehend the concept of shared goals, and in my opinion, can potentially under-optimize on their long-term potential.

Competition is great, but collaboration is even better.

Transparency

Authentic transparency means living as your true self—free of masks, free of costumes. It’s the rare gift of being able to speak, share, and connect without second-guessing what parts of you should stay hidden. You show up fully, not just for yourself, but with the hope that your presence will add light, spark ideas, inspire change. Through openness, you offer others what you’ve learned, the insights that have unlocked new doors for you. And, in turn, you invite them to share theirs.

But in doing so, you will meet people who can’t quite stand that kind of transparency. In the masquerade of life, they might have preferred if you had worn a costume like everyone else. This discomfort may not always stem from envy; it could just be that your authenticity disrupts their own carefully guarded walls.

The choice, then, is whether to soften your light to blend in or to keep showing up as yourself, knowing not everyone will welcome it. Do you start holding back, or do you step back from relationships that require you to wear a mask?

Ultimately, the answer depends on who you are and who they are. For some, compromising parts of yourself in exchange for peace might be a fair trade. But for those who value freedom and truth over conformity, a life where you can be yourself—where relationships thrive on genuine energy rather than social costumes—will feel more aligned.

So, choose accordingly. Wear the mask if fitting in feels right to you. But if you crave authenticity, seek people who value it too. There’s a quiet power in building connections where you don’t have to hide.

Opportunities

I love missing opportunities. Countless times, I’ve been approached to collaborate on new startups or projects. My general response? A polite no. This response often confuses people – some even take it personally. But, in my experience, genuinely good opportunities are rare, and people who prioritize honesty and integrity over revenue are even rarer. So, in most cases, a quick no feels like the right call.

When something, or someone, is truly exceptional, you tend to see it almost immediately. The best opportunities don’t create inner debates. Authentic excellence isn’t confusing, and truly good people are typically transparent.

Charlie Munger once illustrated this well. In a room of 100 people, you might find yourself naturally drawn to only three – these are the rare individuals who resonate with you deeply. Three others might put you off, and the remaining 94 are somewhere in between – decent, well-meaning, but unlikely to become close partners or friends. This isn’t about judging anyone but recognizing that true connections and clear opportunities stand out unmistakably. When the right person or project crosses your path, it doesn’t ask for persuasion; it just makes sense.

Envy

Envy—it’s a force that quietly drives us all, an impulse that oddly hurts the envier far more than the envied.

Turks guard against it with their evil-eye amulets

Meanwhile, Pakistanis lean on the old “joota” ritual, hoping to fend off any lurking ill will.

But if you’re genuinely concerned about becoming a target of envy, Aristotle had the right idea: let the merit of your accomplishments be your shield. True success, earned with integrity, carries a natural armor against the gaze of envy.

He said, “The best way to avoid envy is to deserve the success you get.”

Envy

When you see someone do well, and emotions trigger for you to do well yourself, there’s often a thin line between what’s driving it.

Were you inspired or envious?

Seemingly difficult to know what it is, but not as hard to identify. If the changes you’ve made to get closer to the end game make you more disciplined towards your goal, you were inspired.

If your actions become more erratic e.g. taking bigger risks, breaking rules to get to the point, etc then envy drives you.

And of the 7 deadly sins, envy is the one that is no fun at all.

The Two Ends

There are things that you need. Without those, you’d likely be in a miserable shape. You need a roof over you. Being homeless would likely make you extremely unhappy. You need a way to keep yourself warm when it’s cold, and cool when it’s hot. You need to eat a minimum amount of calories everyday. It’s almost always a good idea to spend money on whatever you need. I am willing to bet that the majority of the happiness you feel stems from fulfilling your needs.

There are things that you want. May be it’s a new phone. May be you want two cars instead of one. But there are certainly somethings that you want, but not really need. These could act as short-term happiness boosters. But usually these wants will not make a significant contribution towards your long-term happiness.

There are things that you like. May be you would really like a new carpet in your living room. Or a more pleasing work-station. Your likes probably also make contributions towards your short-term happiness. But probably not so much towards the long-term one.

There are things that you love. These are the things that you’d love to do if you had a large amount of resources whether time or money. May be you love travelling so much that for the ease of travel you’re willing to throw $100,000 on a better travel document. May be you really wanted to see the northern lights. May be, you want to travel twice every year for as long as you’re alive.

I’ve come to a realization that the kind of happiness that money can buy is often found in two things that are farthest from each other on our quadrant; need & love. Your happiness is either stemmed in the basics, or probably in the extravaganza. Everything in between is probably not worth your money.

User Equity

Mercury – a bank built for startups, recently published their crowdfund campaign primarily with a goal to allow the customers of the bank to own equity and financial upside in the success of the bank.

Mercury acquires >60% of their customers with word of mouth or referral from their existing customers. As customers become owners of the bank, they are far more likely to refer other startups to bank with Mercury. Hence it is fair to say that Mercury has, in a way, delegated part of the job of customer acquisition to their customers which is very fascinating for me.

I’ve previously seen this model a lot in the crypto & DeFi space. For example anyone who ever traded even once on a decentralized exchange Uniswap was airdropped the Uniswap governance token.

Or if you’re a market maker or liquidity provider on PancakeSwap, you are rewarded with the CAKE governance/equity token.

While any business is only successful as long as it has customers or users, yet for centuries, we hadn’t seen an economic model which rewarded the customers with the financial upside of the success of the business.

We started to see a little bit of it in the past few years. For example content creators on YouTube have an economic incentive to create content and publish on YouTube. However, their financial upside is limited to the revenue generated by their content alone. In addition, the viewers of the content have no financial upside. Even though, both are users of the platform and make it successful.

On the contrary, with Uniswap, even the traders and not just market makers earned governance tokens for simply trading on the platform.

With this new customer/user equity model, users can have financial upside across the entire product and hence they have an economic incentive to work towards the success of the business.

Freud

The unconscious mind has aggressive needs.

Capitalism forces the aggressive unconscious mind to use that aggression in a productive manner. Although, we’ve learnt to deal with our aggression in a manner that’s not straight harmful, we’re still just giving in to the aggression.

On the contrary, we could try and completely suppress the aggressive unconsciousness. However, that would mean we’ve to direct the aggression inwards instead of outwards which could lead to anxiety.

Outward controlled aggression through capitalism could make you rich but it could also make you egoistic, selfish and unempathetic.

In order to be more empathetic you would have to suppress your desires, aggress inwardly, and feel the imbalance inside.

It’s easier to create imbalance in the world.

It’s harder to create that within yourself.

Abundance & Patience

Over the last few years, I transitioned into an investing career. I decided to invest in people that could deliver instead of doing everything myself. I had read tons of content on how the investing is the real way to build wealth. That time is limited and the real progress is made when you use your wealth to make wealth.

But it hasn’t worked out that well so far.

I also read and believed that abundance mindset is the way to go. Resources aren’t limited. Love isn’t limited. Kindness isn’t limited. Making money isn’t a zero sum game. Someone else’s success isn’t your failure. That you need to be happy for success of other people instead of showing resentment. That you need to share more of what you have.

I believed that if I helped more people, I’ll eventually find people worth investing in and so having an abundance mindset will eventually make my investing career a success.

This didn’t work out so well either.

The problems with failures in return of the acts of kindness is that you lose your faith more quickly and start doubting your actions faster.

You are led to believe by your own experiences that investing and abundance is a lie. That things do not work like that in the real world.

At this point you could scrap your learnings about investing and abundance based on your little experiences. Or you could continue to hold them close based on the experiences of many other people who you consider wiser than yourself.

To do the latter, you will need to be patient. Investing, however, has always been a game meant for the patient.

Getting A Massive Payout For the Simple Skills [Part 2]

I wrote this a few weeks ago. This is another post on a similar theme. I recently spoke with two sellers on fiverr that are doing really large volume per month ($10K+) and so I thought to write a bit more on this.

One of the sellers sells graphic design services. Most people think that the graphic design industry especially on fiverr is a $5-$10 space and this discourages them to take this as an opportunity worth exploring. The person I spoke with, however, specializes in box designs and so he has a much higher order value than someone making birthday cards for example.

There are many reasons why he has a higher order value but it could simply be because his customers are businesses and not people. His customers are likely in the e-commerce space which is why they are hiring box design services on the internet. E-commerce is going through forced adoption and insane growth right now so his business could be blowing because of that too.

The takeaway here is that the problem is not being a graphic designer on fiverr. The problem is what you decide to do with your simple skills. If you’ve decided to do what everyone else does with photoshop, sure your chances are bleak. You’re likely in a high competition low average order value business. But it really is your choice what you make out of your skills or what service do you offer in the graphic design space. Or how rich your average customer is. Or how big a problem you’ve decided to solve with your graphics. It’s really you who choose.

The other person I spoke with is in the video editing space. Because of COVID-19, the over-all video-editing work is down. Lesser ads are being made. Lesser people are doing events. And so the post-production work is on the decline for him. But the gaming industry is booming through the COVID-19. There are more and more people playing and streaming games as well as more viewers than ever who are watching these live streams. Gamers are making a killing right now, and so this video editor is offering gaming highlights editing service. Not only he found customers in these circumstances, he found customers that are paying top dollar right now and so his average order value is much higher than his previous gig.

It’s really not about the skills you have. It’s about what you do with them.