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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Instead of doing something fundamentally<br />
flawed.<br />
In other words, we should not mistake<br />
being busy with being productive.<br />
Some people may be inherently lazy, but<br />
they are very smart.<br />
If they only do things that bring them<br />
results, they are better off than people who<br />
are super diligent but are doing things that<br />
don’t bring them results.<br />
Robert Koch poignantly puts it like this:<br />
One of my favorite quotations comes—<br />
rather oddly perhaps—from one of the<br />
Prussian army officers called Erich von<br />
Manstein, who had this to say about his<br />
people. He said,<br />
“There are only four types of officers. First,<br />
there are the lazy, stupid ones” Now did he<br />
suggest firing these people? Not at all. He<br />
said, “Leave them alone. They do no harm.”<br />
Because at least they are lazy. “Second,<br />
there are the hard-working, intelligent<br />
ones.” Now, they are good, obviously. They<br />
make excellent staff officers ensuring that<br />
every aspect of the plan is very carefully<br />
considered. “And third, there are the hardworking,<br />
stupid ones. Now, these people,”<br />
he said, “are a menace. They must be fired<br />
at once. They create irrelevant work for<br />
7
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