Have you met Mr. Vilfredo Pareto?
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How’s it going?
Welcome to Wisdom Letter #97.
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Today we talk about Pareto’s Principle, more popularly known as the 80/20 rule👇
The 80/20 Rule📈
Vilfredo Pareto was an Italian economist. In 1896 he figured out that 80% of the land in Italy was owned by 20% of the people.
Today we know that it’s a rule that applies to almost every area of life, not just land ownership.
Pareto’s principle is closely linked to the mental model of Compounding.
It’s a good prioritization framework.
This week we wrote a post on Pareto’s principle.
Read it below -
3 Areas where the 80/20 rule works and why
1 aspect of life where it doesn’t work
How you can best apply Pareto’s principle.
And much more🚀🚀🚀
💭Something to chew on
What is your 20%?
In any one area of life, try to figure out the 20% effort that brings you 80% results.
What can you do to double down on it?
How can you reduce the other stuff that doesn’t have as much impact?
Think about it🤔
📺 Some personal news
Last week we got featured in an online magazine called Coffee & Pens🕺💃
Do check out the interview 👉 Ayush Chaturvedi: A Book about Twitter
📂 From the archives
Today is the Euro cup and Wimbledon finals day, its a day to celebrate sport. Do read this reflective piece from one of the best Tennis players of all time, Pete Sampras 👉 Letter to My Younger Self
Sampras’ story was featured in Wisdom Letter #22 | The Spirit of Sport. We also featured inspiring stories from Kobe Bryant, Yuvraj Singh and Cheteshwar Pujara in that post.
This Week Last Year 👉 Metacognition: One Skill to rule them all | Wisdom Letter #45
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