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About 20% of this book actually contains information about the 80/20 principle, and that 20% is actually good. This is why its very frustrating that the rest of the book is a jumbled hodge-podge of various self-evident advice in life, such as how to be happy, and even how to invest in stocks. This sounds good on paper, but in reality it just means that there is little substance on a lot of things. For example, when it comes to the chapter on investing, the chapter is useless for the inexperienced as he does not go deep enough to get started, and even more so for the initiated, as nothing new is being said - so the question remains, why is this chapter included to begin with? Similarly, the chapter about happiness contains a bunch of platitudes like suggestions to do things that make you happy and spend time with friends. Again - why is this in a book which is supposed to teach you the principles of 20/80?
Conclusively, the whole thesis of the book is that majority of value in most facets of life comes from 20% of the things involved, and apparently to prove a point, that applies for this book as well.
The 20th anniversary of a business classic, brought up to date. It exhaustively lays out the application of the 80/20 principle in your business and private life. I have to say I am a great fan of the book and the principle. It is not exactly intuitive that life does follow that principle, but generally speaking, it is better to do those things which yield greater results than those which do not, and it is worth spending some time just thinking about this in most areas of your life. Some argue against the principle and there is a rather half-hearted attempt at the end of the book to deal with some of the objections. Richard Koch did not invent or discover the principle, the much neglected (sadly) Italian economist Pareto did and Koch pays due homage to the man. There are numerous illustrations of the principle in the book, and some have criticised it for this, but for me, this is what makes the book and the principle well worth reading and studying even if you have the older edition
Although more than 95% of the content is repetitive and a waste of time, the 5% of the book is important and informative. This book has a potential to change the way we do business.. I avoided most parts of the book due to extremely high level of redundancy.. The book should not be read entirely if you really believe in the message it conveys.. :)
I should have given a 4 star for the 95% redundant content.
The essence of the 80/20 rule is that 80 per cent of your success is probably coming from 20 per cent of your activities and effort. The advice, therefore, is to put laser focus on those activities and efforts and ruthlessly cut out the rest.
This is the staggeringly simple idea behind the book. It really doesn't need the hundreds of pages to bring this through. There is certainly some material to make you think, but there's also a lot of filler there which has the fingerprints of a consultant (and consultancy is what the author spent his career doing) simply rehashing the point, and devising unnecessary ways of complicating a simple principle.
Simply: do what works. Pursue the things you're good at, the things that bring you success, and stay away from everything else. There's a lot of needless chat about many other topics which at times feels irrelevant.
A useful general idea and thought provoking book, even if a little repetitive, irrelevant and impractical in places. An ok read.
I was fairly skeptical about the title but my interest was sufficiently peaked to follow through and purchase the ebook. I have any number of people promoting digital products to "improve my client base(s), my blog content etc (I do not, yet, have a blog. This ebook on the other hand raises many questions and provides the answers too. I do recommend the book in spite of my earlier reservations pre purchase.
I found the 80/20 principle very easy to comprehend as it resonated with some of my own thoughts and practices which I can now build on with confidence. I would recommend the book to anyone young or old who wants to get more out of life whilst also serving the course of humanity. I gave the rating because for me the book provided all the answers to living a fulfilling life.
80/100 because all the principles made sense (both in work and personal lives) but the 1 star lost was due to the fact that the book doesn't use modern examples of where the principle applies. The version I bought was reprinted in 2011 and there was no mention of factors that have such a huge impact today, and where the 80/20 principle could have a lot to say.
For example, no mention of the Internet, Google, Apple, etc. It was if the post 20th Century didn't exist. Richard sings the praises of taking certain things and making them better - if he took the lack of 'modern stuff' and updated the book, then publicised it with a big message of "including how it applies in the Internet age", then it'd likely get more sales.
This of course doesn't take anything away from the fact that it's still a great book. It's just that there are many great books that are dated (Think and Grow Rich for example) and would benefit from a refresh.
Everybody should read this book at least once in his life - I read it multiple times! No matter your age, profession and types of goals you pursue. It will change how you view the world and how you go after your goals - guaranteed. If you own a pre-update version already - as I do - buy the updated version - as I did. The 4 completely new chapters alone are worth it. A no-brainer!