Fiduciary Fun

While the work of certain Italian “economists” like Charles Ponzi have been making headlines in recent years, it would behoove a man of your stature to be well-informed about the work of real Italian economist Vilfredo Pareto, and his observations on wealth and income (two of your favorite pastimes) as reconsidered by contemporary author Richard Koch in the book “The 80/20 Principle.”($11.00) According to Pareto’s studies in 1897, it’s usually 20 percent of any given entity—say a business, workforce, or even stock portfolio—that produces 80 percent of the total result. Koch has been kind enough to share his reinterpretation of Pareto’s work, and share insights about what it takes to get the most out of your top 20 percent, both in business and in life. Guaranteed to work 80% of the time, 20% of the time.