#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.