80% of the results come from 20% of the causes. A few things are important; most are not.
Richard KochRead
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.
Interpretation
What this quote means
Carefully select your opportunities and fully commit to them while monitoring your investments closely.
This quote highlights the importance of making thoughtful decisions about where to invest your resources, whether they be time, effort, or finances. Rather than spreading yourself too thin or playing it safe without commitment, it advocates for choosing one or a few opportunities that show promise and fully immersing yourself in them, while staying vigilant to maximize success.
Themes
WisdomCommitmentInvestmentOpportunityVigilance
In practice
Example use cases
In a business meeting about project management.
More from Richard Koch
All quotes →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.
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