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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