From the course: Learning Speed Reading (2014)

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The 80/20 principle of reading

The 80/20 principle of reading

From the course: Learning Speed Reading (2014)

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The 80/20 principle of reading

- In this video, we're going to discuss the 80/20 Principle, and how you can apply it to make yourself a more efficient reader. If you're not already familiar with the 80/20 Principle, let me introduce you to the concept. The 80/20 Principle is sometimes referred to as Pareto's Principle. It's named after an Italian economist Vilfredo Pareto, who observed in 1906 that 80% of the land was owned by 20% of the population in Italy at the time. He later developed his principle by observing the phenomenon in a variety of social, scientific, and economic circumstances. For example, many businesses find that 80% of their revenues come from 20% of their customers. Or on a personal level, you may find that 20% of your clothes are worn 80% of the time. Now, the 80/20 Principle doesn't mean that it's always 80/20, it just means there's an imbalance. For example, 70% of a company's revenues could come from 13% of their customers. That would still be an example of the 80/20 Principle. Generally…

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