The Pareto law says that 80% of the wealth is owned by 20% of the population, also known as the 80-20 rule. Vilfredo Pareto came about this principle by noticing in his garden that 20% of the pea pods produced 80% of the peas. He then decided to see where
One of my favorite rappers of all time, Nas, says: "It's life or death for me now But you know, there's no turnin' back now This is what makes me, this is what I am" Nas says that right before he proceeds to sing one of the best songs of
When I was 22, a bartender in a nice family restaurant, an older woman named Rose Begnal, changed my whole perspective on life. She told me—Louie, no one gives a shit about what you want, but they all deeply care about what you can do for them. I recognize
The mantra of modern life (if there is one) is to leave nothing on the table; after all, why would we? The gurus tell us we should try harder and seize all of the efficiency we can get out of our work. We should cut all waste in our organizations.
When building a house, if you want to develop one that will last, you will start with the foundation and make sure that's done right. After the foundation, you build the walls, then the roof, and then finally spend a long time inside and outside, adding the finishing touches. You
It is a far more savage world we live in than we are led to believe. Reasonable people would like the World to be moral, ethical, fair, and more humane, but it is not that way underneath. The modern World is especially adept at concealing its Savagery from us. Yet,
Boredom is a greater threat to our ambitions than failure. I have spent a lot of time dissecting my failures in life, and I've rarely blamed boredom for them, but the truth is that many of my failures, and probably yours too, are due to getting bored. Unless we learn
I have observed that some people are fueled by something different than the rest of us. These people can attack a problem no matter how large, how much bureaucracy or mess is in the way; in fact, for them, the more, the better. These people all have one thing in
House stacking is when you use the process of house hacking, and you repeat it nearly every year to stack multiple rental homes and start building what the pros call a portfolio. You do this while never quitting your day job and making the entire process as passive as possible.
There is lots of talk that New York is sick, and more specifically, New York City is dead. New York City has big problems in the post coronavirus age, as the office space tumbles, companies institute work from home and start dumping leases to save money. There is no question