What is a virtuous flywheel effect?

The virtuous flywheel effect refers to a reinforcing cycle where positive outcomes lead to further positive results, creating a continuous loop of growth and improvement.

Jim O'Shaughnessy explains that this concept involves putting yourself in situations that might be uncomfortable, as doing so increases opportunities for serendipity and luck. He mentions that most people are reluctant to expose themselves to potential embarrassment or failure. By being willing to take risks and learn from errors, you can create a "virtuous flywheel" where each positive outcome builds upon the last, driving continuous personal and professional development 1.