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Tuco and Nacho

Nacho with Tuco Salamanca.

"Nacho Varga is a calculating, intelligent criminal. While not yet a kingpin himself, Nacho is bright and has the ear of a terrifying boss. Nacho's ambitions will put him on a collision course with Jimmy that might just take them both down."
―Information about Nacho[src]

Nacho Varga was shown to be a highly intelligent, quiet, and somewhat reserved career criminal with dubious loyalty to the Cartel. Nacho was a capable criminal and leader, acting as a lieutenant to Tuco, Hector and Lalo Salamanca and proved his efficacy as as a criminal organizer and planner. Nacho was very perceptive as he easily deduced that Mike hit Hector's drug convoy and correctly guessed that Jimmy tipped off Betsy and Craig Kettleman about his plan to rob them.

While Nacho tried to avoid unnecessary casualties and performed his operations under the radar, he had no problem tricking Leonel and Marco Salamanca into killing a rival gang to hide his work with Gus and planned to take control as Lalo’s lieutenant by orchestrating a gang war between rival factions and taking over their businesses once they were too weak to be a threat. While quick thinking and a capable criminal in his own right, Nacho could be short-sighted. He had betrayed three Salamancas and each time the former leader is replaced by an even more dangerous one. Moreover, because of Nacho's past duplicity, Gus refused to trust him to do his bidding without the threat of violence to those he loved, as Nacho was a man “who has betrayed all his previous masters” and not someone Gus was willing to trust. Nacho was someone who usually distrusted people and didn't care about what could happen to them.

However, he did trust a very few individuals like Mike Ehrmantraut, Nacho admired Mike's calm and calculated way of business and respected all his effort for not pulling the trigger and finding solutions without killing people. He eventually started a secret partnership with Mike and when he needed help he always asked Mike for it, seeing him as a reliable ally and partner he could count on.

Despite being a criminal and part of the Cartel and later Gustavo's drug empire, Nacho was shown to deeply care about certain people, particularly his father, almost begging Hector to not involve him in his schemes, even going as far as to try and kill him once he said he didn't trust his father. He also let a woman and her child leave Los Pollos Hermanos when it was being invaded by Hector and his gang, showing he was noble. He was also willing to forgive Domingo for not his payment giving him until the next week to pay him the missing amount, but he was ultimately forced by Hector to beat him down. He was also shown to not be very talkative, opting to remain quiet and observe most of the time. Nacho cared deeply for his father Manuel, so much so that he was willing to die as long as he knew his father would be safe. In his final moments, Nacho chose to commit suicide in order to protect his loved ones and go out on his own terms, though not before referring to everyone surrounding him as "psycho sacks of shit" and gleefully admitted to Hector that he caused his paralysis, the first time Nacho had no fear of any of these people. He also put his ego aside and was completely willing to tell the story that would save his father, regardless of what anybody else thought.

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