WHY LESS IS MORE: THE PARETO PRINCIPLE IN A NUTSHELL - ALBERT ELISHA OBERDORFER
The idea of working less to achieve more sounds counter-intuitive, right? Yet, an Italian economist by the name of Wilfredo Pareto discovered a powerful principle that says that the majority of results is the result of a minority of causes. Pareto noted an 80/20 ratio. 20 % of something causes 80% of the results. And vice versa: 20% of input causes only 20% of the results. If this is true—and countless studies have shown this is to be the case in all areas of life—then we should do less of what doesn’t work, and focus more on what does. So we can achieve more by working less. Find out how you can apply the Pareto principles in all areas of your life by doing less, not more. You will be amazed.
The idea of working less to achieve more sounds counter-intuitive, right?
Yet, an Italian economist by the name of Wilfredo Pareto discovered a powerful principle that says that the majority of results is the result of a minority of causes.
Pareto noted an 80/20 ratio.
20 % of something causes 80% of the results.
And vice versa: 20% of input causes only 20% of the results.
If this is true—and countless studies have shown this is to be the case in all areas of life—then we should do less of what doesn’t work, and focus more on what does.
So we can achieve more by working less.
Find out how you can apply the Pareto principles in all areas of your life by doing less, not more.
You will be amazed.
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MR <strong>PARETO</strong>.<br />
<strong>THE</strong> <strong>PARETO</strong> <strong>PR<strong>IN</strong>CIPLE</strong> is named after<br />
an Italian economist called Vilfredo Pareto.<br />
He realized that 20 percent of people owned<br />
80 percent of the land in Italy in his time.<br />
Then he started looking at the pea pods in<br />
his gardens and discovered an interesting<br />
principle.<br />
Twenty percent of the pea pods were<br />
yielding eighty percent of the peas.<br />
And eighty percent of the peapods were<br />
yielding only 20 percent of the peas.<br />
Interestingly, not all the pea pods were<br />
yielding the same number of peas.<br />
So there was a fundamental disparity.<br />
This is what the Pareto principle is about.<br />
Not all things have equal value.<br />
Some things that we do will yield more<br />
significant results than others.<br />
The Pareto principle is about finding out<br />
what works.<br />
So we can then focus on what works.<br />
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