The 80/20 Principle: The Secret to Achieving More with Less

by Richard Koch

The way to create something great is to create something simple.

when something is working well, double and redouble your bets.

real wealth, happiness, knowledge, and perhaps virtue can be constantly increased.

The key to earning more and working less is to pick the right thing to do and to do only those things that add the highest value.

A small business that does not specialize will die. An individual who does not specialize will be doomed to life as a wage slave.

The key to making a career out of an enthusiasm is knowledge. Know more about an area than anybody else does.

Observe, learn, and practice.

The most successful professional firms and corporations are those that outsource everything but what they are best at.

majority of wealth is created from investment rather than from income;

The best way to start being more happy is to stop being unhappy. You have more control over this than you imagine simply by avoiding situations where experience suggests you are likely to become unhappy.