More work = more results. I disagree. Working smart beats working hard. In some cases working more can actually damage the amount you get accomplished. In both cases, the degree effort matches outcomes has been overstated. Working less and accomplishing more isn’t...
I’m sure most people are familiar with Pareto’s principle, developed by an Italian economist and most commonly known as the 80/20 Rule. While Pareto originally used the rule noticing that 80% of the wealth was owned by 20% of the population, the rule has applications...
The 80/20 rule is also called the “Pareto Principle” named after it’s founder, the Italian economist Vilfredo Pareto from 1895. He noticed that people in society seemed to divide naturally into what he called the “vital few,” or the top 20 percent in terms of money...
Business thinking starts with an intuitive choice of assumptions. Its progress as analysis is intertwined with intuition. The final choice is always intuitive. If that were not true, all problems of almost any kind would be solved by mathematicians with...
For much of his life, Buffett struggled with a crippling fear of public speaking. “I would throw up,” he told biographer Alice Schroeder in The Snowball: Warren Buffett and the Business of Life. “In fact, I arranged my life so I never...
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