George Bernard Shaw put it well: “The reasonable man adapts himself to the world. The unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.”
Wealth from investment can dwarf wealth from working With 20 percent of the money received, I made a large investment in the shares of one corporation, Filofax.
A new and complementary way to use the 80/20 Principle is what I call 80/20 Thinking. This requires deep thought about any issue that is important to you and asks you to make a judgment on whether the 80/20 Principle is working in that area. You can then act on the insight.
This is linear thinking. The most valuable insight from 80/20 Analysis will always come from examining nonlinear relationships that others are neglecting. In addition, because 80/20 Analysis is based on a freezeframe of the situation at a particular point rather than incorporating changes over time, you must be aware that if you inadvertently freez...
Application of the 80/20 Principle implies that we should do the following: • celebrate exceptional productivity, rather than raise average efforts • look for the short cut, rather than run the full course • exercise control over our lives with the least possible effort • be selective, not exhaustive • strive for excellence in few things, rather th...
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