I've heard Bezos' approach with Blue Origin compared to the 'tortoise and the hare' allegory. Slow and steady may work when your talented opponent is taking naps along the racetrack, it doesn't work when they are as driven as the SpaceX team.
The second or third or tenth company to develop reliable reusable rockets will get plenty of business in the coming decades.
I have a lot of faith in SpaceX and not a whole lot in Blue Origin but that’s also because I don’t know anything about them. Their success doesn’t depend upon my faith in any case.
If you look at it in terms of capabilities, SpaceX checks all the boxes; reusable rockets, rapid turnaround, lowest cost. Once Starship is usable for payloads, no other launch provider will be able to compete.
I think a different comparison is more apt here -- slow racers lose to fast ones.