What’s the best way to create your competitive advantage?

Michael Mauboussin (Managing Director and Head of Global Financial Strategies at Credit Suisse)
Michael Mauboussin: “The Success Equation:Untangling Skill and Luck” | Talks at Google – YouTube

If you’re in a competitive interaction, what you want to do is simplify the game to the areas where your skill will overwhelm that of your competitor. If you are the underdog, the weaker player, what you want to do is complicate the game. Add battlefields. You’ll still be the weaker player but it dilutes the strength of your competitor.