Virtuous Cycle Of Belief
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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
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Belief: The foundation of the cycle
- Drives the level and quality of action taken
- Can be cultivated through various means
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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
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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
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Cultivate belief through:
- Reading about others who have succeeded
- Visualizing success for yourself
- Asking questions that increase conviction
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Take massive action based on your beliefs
- Act as if success is inevitable
- Be willing to experiment and iterate
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Seek out information about others' successes
- Use it as motivation and proof of possibility
- Apply the principle to your own goals and challenges
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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: 58:51SP
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.