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Zekkyou said:
"Nintendo is not good at competing"

I laughed :P

Really though, fearing failure is important. If you don't, what reason do you have to bother innovating? You just have to ensure you use that fear to push your ideas to a higher quality, rather than letting it hold you back.


Self improvement. 

Smart people know that ones biggest enemy and the only person one has to prove something to is oneself. Competition and trying to be better than other people is stoneage mentality.