Virtuous Cycle Of Belief

This framework explores the concept of the Virtuous Cycle and the MFM (My Favorite Murderer) Paradox, highlighting how belief and action interact to create success.

Virtuous Cycle

  • Opposite of a vicious cycle
  • High conviction drives significant action
  • Significant action leads to bigger results
  • Bigger results reinforce and increase belief
  • Creates a self-reinforcing loop of success

Components of the Virtuous Cycle

  • Belief: The foundation of the cycle

    • Drives the level and quality of action taken
    • Can be cultivated through various means
  • Action: The bridge between belief and results

    • Quantity and quality of action correlate with level of belief
    • More belief leads to more committed and effective action
  • Results: The outcome that reinforces belief

    • Positive results strengthen conviction
    • Even small wins can fuel the cycle

MFM Paradox

  • Knowledge of others' success increases one's own probability of success
  • Doesn't require knowing how others succeeded, just that they did
  • Applies across various fields and endeavors

Applications of the MFM Paradox

  • In competitive environments (e.g., Kaggle competitions)
    • One team's breakthrough often leads to multiple teams achieving similar results
  • In business and personal growth
    • Hearing about others' achievements can spur action and innovation

Strategies to Leverage the Virtuous Cycle and MFM Paradox

  • Cultivate belief through:

    • Reading about others who have succeeded
    • Visualizing success for yourself
    • Asking questions that increase conviction
  • Take massive action based on your beliefs

    • Act as if success is inevitable
    • Be willing to experiment and iterate
  • Seek out information about others' successes

    • Use it as motivation and proof of possibility
    • Apply the principle to your own goals and challenges
  • Create environments that reinforce belief

    • Surround yourself with ambitious, successful people
    • Engage in communities that share your goals and values
47:45 - 49:35
Full video: 58:51
SP

Shaan Puri

Host of MFM

Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.

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