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#13 The 80/20 Principle (Richard Koch)
In this episode we break down Richard Koch's Key lesson, and understanding how to identify opportunities for non-linear returns on our investment, work, and effort.
The episode is divided into 3 parts:
So first, I want you to better understand who Richard Koch is, and why I am so obsessed with his work.
Second, we’ll break down the principle behind today’s key-lesson - the 80/20 principle, or the Pareto rule.
Third, you and I will understand how we can find 80/20 opportunities in our lives
A summary of the episode: You do not usually get back what you put in; you may sometimes get very much less and sometimes get very much more.
Creative systems operate away from equilibrium. Cause and effect, input and output, operate in a non-linear way. At any one time, people of equal intelligence, skill and dedication can produce quite unequal results, as a result of small structural differences.
The game is to spot the few places where you are making great surpluses and to maximize them; and to identify the places where you are losing time and energy, and get out.
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By Alon MichaelIn this episode we break down Richard Koch's Key lesson, and understanding how to identify opportunities for non-linear returns on our investment, work, and effort.
The episode is divided into 3 parts:
So first, I want you to better understand who Richard Koch is, and why I am so obsessed with his work.
Second, we’ll break down the principle behind today’s key-lesson - the 80/20 principle, or the Pareto rule.
Third, you and I will understand how we can find 80/20 opportunities in our lives
A summary of the episode: You do not usually get back what you put in; you may sometimes get very much less and sometimes get very much more.
Creative systems operate away from equilibrium. Cause and effect, input and output, operate in a non-linear way. At any one time, people of equal intelligence, skill and dedication can produce quite unequal results, as a result of small structural differences.
The game is to spot the few places where you are making great surpluses and to maximize them; and to identify the places where you are losing time and energy, and get out.