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WHEN 80/20 BECOMES 90/10

Posted by on Aug 15, 2017 in Blog | 0 comments

WHEN 80/20 BECOMES 90/10

NOT SO VERY long ago, in 2007 actually, the world of mobile phone makers was placid and predictable.  It was typical 80/20.  There were lots of phone manufacturers, but five of them – Nokia, Samsung, Motorola, Sony Ericsson, and LG – had 90 percent of worldwide profits. Between 2007 and 2015, everything changed, courtesy of an entirely new entrant.  Apple with its iPhone not only reached the top table, but like Jesus in the temple, overturned the tables of the existing traders and drove them away.  By 2015, Apple had grabbed 92 percent...

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SUCCESS THROUGH 80/20 NETWORKS

Posted by on Aug 1, 2017 in Blog | 0 comments

SUCCESS THROUGH 80/20 NETWORKS

“Network society represents a qualitative change in the human experience” Manuel Castells, Spanish sociologist Why does the 80/20 principle work so well and so well everywhere?  When I first wrote the first edition of The 80/20 Principle back in 1997, I didn’t know the answer.  I quoted economist Josef Steindl – “For a very long time, the Pareto law has lumbered the economic scene like an erratic block on the landscape – an empirical law which nobody can explain.” But now I think can explain it, and that excites me. It’s...

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FOUR WAYS TO BE HAPPY (AND ONE THAT WON’T WORK)

Posted by on Jul 19, 2017 in Blog | 1 comment

FOUR WAYS TO BE HAPPY (AND ONE THAT WON’T WORK)

This week I got a surprise – apart from breaking my arm in a cycling accident in Lisbon.  The more important and lasting surprise came from re-reading Charles Murray’s splendid 2012 book Coming Apart.  The book is a convincing and depressing account of how the values and lives of the upper and lower classes in America have diverged since 1963.  But then along comes a really fascinating chapter about happiness, which I think can help make anyone substantially happier. And it’s all based on US social science data, starting with...

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A NEW MODEL OF HOW TO TAP THE UNCONSCIOUS MIND

Posted by on Jul 4, 2017 in Blog | 5 comments

A NEW MODEL OF HOW TO TAP THE UNCONSCIOUS MIND

Most books about the unconscious make using it complicated.  But I think it’s very simple:   Stage 1 – Conscious Thought Stage 2 – Input to Unconscious Stage 3 – Output from Unconscious   Stage 1 – Conscious Thought What precisely do you want to achieve? Let us say, for example, that you want to find creative solutions to a problem or issue involving your work, career, or personal life.  Here are my rules: Select only one issue at a time. You must really care about getting the answer. Chances are it’s a “how to”...

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YOUR HIDDEN FRIEND

Posted by on Jun 20, 2017 in Blog | 7 comments

YOUR HIDDEN FRIEND

Our hidden friend is something we all possess.  It gives fantastic results for almost no effort.  It largely determines our success and happiness – yet very few of us use our friend to anything remotely near its potential. I speak of the mind, and in particular the most powerful and “80/20” part of it – our unconscious mind. The unconscious is the seat of intuition and creativity.  Where else, for example, could surrealist art have come from?  Salvador Dalí would sit down, relax, and day-dream in order to conjure up the weird...

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THE UNCONSCIOUS IS YOUR TRUMP CARD

Posted by on Jun 6, 2017 in Blog | 40 comments

THE UNCONSCIOUS IS YOUR TRUMP CARD

I believe future history examinations will contain this question: “Explain how it was possible for Donald Trump to become President of the United States.”  There are all manner of political answers to this question – for example, the fact that Trump identified a new constituency, the socially disengaged; the weaknesses of Hillary Clinton and of Trump’s opponents for the Republican nomination; and many, many more.  But I want to exclude all such considerations to concentrate here on the power of Trump’s mind, both his conscious and...

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7 REASONS TO REJOICE

Posted by on May 23, 2017 in Blog | 3 comments

7 REASONS TO REJOICE

It is in our nature to be dissatisfied with life and to look for improvements, both for ourselves and for society.  That is good.  But it is also sometimes good to look back on the past and realise that we live in the best times that have ever existed, only to be bettered by the future, to which we should march confidently forward. Collectively, we are Richer and Healthier than ever, and Live Longer It’s easy to forget what it was like two or three generations ago.  I was privileged to listen recently to a speech by Mark Littlewood of...

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WALK TO THINK, TO DEEPEN FRIENDSHIPS, & TO MAKE MONEY!

Posted by on May 9, 2017 in Blog | 9 comments

WALK TO THINK, TO DEEPEN FRIENDSHIPS, & TO MAKE MONEY!

It’s official!  Through the miracle of Twitter, I have just discovered an article by Ferris Jabr (see end of this post) which gives scientific evidence that walking helps us think.  Walking stimulates the heart, sending more blood and oxygen to the brain, connecting brain cells, improves memory, and stimulates the growth of new neurons and of messages between the neurons.  Experiments on 176 Stanford students showed they scored substantially more on creative tasks when they walked than when they sat. Meanwhile a study at the University of...

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HOW TO SPEND LESS TIME ONLINE & BENEFIT MORE

Posted by on Apr 25, 2017 in Blog | 3 comments

HOW TO SPEND LESS TIME ONLINE & BENEFIT MORE

“What information consumes is rather obvious – the attention of its recipients.  A wealth of information creates a poverty of attention.”  So wrote the great social scientist Herbert Simon, and his comment applies in spades to cyberspace.  We are deluged by tidal waves of information, and there have been few convincing guides to how to avoid drowning in data or wasting our time online. But help is at hand from an old friend of mine, the 80/20 principle.  You probably know this is the observation that usually at least four-fifths of...

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THE NEXT BIG IDEA?

Posted by on Apr 11, 2017 in Blog | 2 comments

THE NEXT BIG IDEA?

It’s not every day that you hand over a cheque for £50,000 in exchange for a ten-page essay, and feel that you have a bargain.  But I was genuinely thrilled to do this last Thursday night at a gala dinner celebrating the winners of the Richard Koch Breakthrough Prize at the Senate House of the University of London, organized by the Institute of Economic Affairs.  The young winners were Mark Feldner, a recent Cambridge graduate, and Mathew Bonnon, who is still at Cambridge, and they have come up with a corker of an idea. The idea is local...

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