The 80/20 Principle

Multi-Disciplinary Thinking for Lawyers

01.03.2023 - By Ernie SvensonPlay

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To succeed in big ways today, it's best to think in multi-dimensional or multi-disciplinary ways. That has been the key to attorney-businessman Charlie Munger's success and many others. In this episode, we'll talk about what it looks like to do this and how you can start to do it as well. Show Notes The 80/20 Principle: The Secret of Achieving More with Less, by Richard Koch (about how to discover and use the power of 80/20 leverage in business) Moneyball: The Art of Winning an Unfair Game, by Michael Lewis Moneyball, the movie (Wikipedia link) On Base Percentage statistic (the essential KPI in Moneyball) Einstein won the Nobel Prize for Physics in 1921 (link to article) Tim Ferriss Dave Asprey Shane Parrish (founder of Farnam St. blog) Charlie Munger Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts, by Annie Duke Meditations, by Marcus Aurelius Ryan Holiday The origin story of YouTube (Wikipedia article) Behavioral Economics Influence, by Robert Cialdini Thinking Fast & Slow, by Daniel Kahneman Munger gave Cialdini $100,000 worth of Berkshire Hathaway stock (link to article) The Undoing Project, by Michael Lewis Subscribe to 80/20 Lawyering - a Substack-published newsletter for solo & small firm lawyers who are looking for ways to get more of what they truly want without unnecessary stress or strain. Join 'Inner Circle' - a private discussion group for lawyers interested in making massive improvements in their law practices. General Resources Learn to use technology to reduce friction & gain freedom with this resource: https://www.the8020lawyer.com/ Focus on these essential tech tools for maximum traction in your practice. Take this short law practice assessment to identify your main strengths & weaknesses. Thanks to Our Sponsors "ChatterBoss is an incredible remote executive assistant company that helps solopreneurs and small businesses grow quickly and save money. Your dedicated ChatterBoss assistant can help you with case management, billing support, email optimization, social media, process building, automation, and more. They even have on-demand paralegals and legal assistants.  The service is customized to your budget and is on-demand, so you are able to work with your assistant as much or as little as you need throughout the week. The minimum monthly spend for a dedicated executive assistant is only $200/month.   The best way to get started is to schedule a free consultation and find out exactly how the service works. Click this link to schedule a free 30-minute call, and you’ll get a special 15% discount when you sign up with ChatterBoss." Smith.ai is an amazing virtual receptionist service that specializes in working with solo and small law firms. When you hire Smith.ai you’re actually hiring well-trained, friendly receptionists who can respond to callers in English or Spanish.   If there’s one great outsourcing opportunity for your practice, this is it. Let Smith.ai have your back while you stay focused on your work, knowing that your clients and prospects are being taken care of.   Plans start at $210/month for 30 calls and pricing starts at $140 for 20 chats, with overage at $7 per chat. They offer a risk-free start with a 14-day money-back guarantee on all receptionist and live chat plans including add-ons (up to $1000).   And they have a special offer for podcast listeners where you can get an extra $100 discount with promo code ERNIE100. Sign up for a risk-free start with a 14-day money-back guarantee now (and learn more) at smith.ai.   EPISODE CREDITS: If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment.   He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world.   Find out more at EmeraldCity

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