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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everybody. And finally, there the intelligent<br />
lazy ones. Now, these people are suited for<br />
the highest office.”<br />
So the good general was suggesting that<br />
whether you are smart or intelligent, it is<br />
actually much better to be lazy. Is this a<br />
silly paradox?<br />
Visualize it. Do you think that Warren Buffet<br />
is busy frantically crunching numbers at<br />
his desk?<br />
Do you think this is what Ruppert Murdoch<br />
spends his time doing? Do you imagine<br />
that Jim Clark does that?<br />
In other words, it’s smart work that makes<br />
the day.<br />
It’s about results. It’s not about being busy<br />
for the sake of being busy.<br />
We need to ask ourselves the question: “Is<br />
what I am doing bringing results?”<br />
If yes, then we should be thinking of ways<br />
to do more of what brings the results.<br />
If the answer to this question is no, then we<br />
should be thinking of how we can stop or<br />
replace those activities altogether.<br />
This is what the Pareto principle is all<br />
about.<br />
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