Conventional wisdom is not to put all of your eggs in one basket. 80/20 wisdom is to choose a basket carefully, load all your eggs into it, and then watch it like a hawk.
Richard KochRead
80% of the results come from 20% of the causes. A few things are important; most are not.
Interpretation
Focus on the few things that bring the most results and ignore the rest.
This quote by Richard Koch highlights the principle known as the Pareto Principle or the 80/20 rule, suggesting that a majority of effects come from a small number of causes. It encourages individuals and organizations to identify and prioritize the critical few activities that yield the most significant results, emphasizing efficiency and effectiveness in efforts.
In practice
In a business presentation about maximizing productivity, one might quote this to stress the importance of focusing on high-impact tasks.
Conventional wisdom is not to put all of your eggs in one basket. 80/20 wisdom is to choose a basket carefully, load all your eggs into it, and then watch it like a hawk.
The 80/20 Principle, like the truth, can make you free. You can work less. At the same time, you can earn more and enjoy more. The only price is that you need to do some serious 80/20 thinking.
We cannot truly plan, because we do not understand the future-but this is not necessarily a bad news. We could plan while bearing in mind such limitations. It just takes guts.
The first lesson I've learned is that no matter what you do in your life, you have to figure out your own internal rhythms - I mean, what works for you doesn't necessarily work for your friend.
Once you learn to choose your belongings properly, you will be left with only the amount that fits perfectly in the space you own.
The severest test of work today, is not of our strategies, but of our imaginations and identities.
God gives us always strength enough, and sense enough, for what He wants us to do; if we either tire ourselves or puzzle ourselves, it is our own fault.
Let each man take the path according to his capacity, understanding and temperament. His true guru will meet him along that path.
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