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The 80/20 Principle

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Nov 23, 2021 • 26min

179: Mental Models - Part 2

In the last episode, we talked about how mental models are helpful for simplifying our complex world to make it more understandable. Now let's delve deeper.   We'll discuss different types of mental models, focusing on ones that attorney/businessman Charlie Munger believes are the most important for achieving the highest level of success. Show Notes The Psychology of Human Misjudgment, (a YouTube recording of a 1995 speech given by Charlie Munger at Harvard University) The Revised Psychology of Human Misjudgment, by Charlie Munger Mental Models: The Best Way to Make Intelligent Decisions (~100 Models Explained) The Great Mental Models Volume 1: General Thinking Concepts, by Shane Parrish & Rhiannon Beaubien The Great Mental Models Volume 2: Physics, Chemistry and Biology, by Rhiannon Beaubien The Great Mental Models Volume 3: Systems and Mathematics, by Rhiannon Beaubien & Rosie Leizrowice Ultralearning: Master Hard Skills, Outsmart the Competition, and Accelerate Your Career, by Scott Young & James Clear General Resources The 80/20 Principle (my email newsletter) The 5 Pillars of a Tech-Powered Law Practice The Inner Circle (an online community for law firm owners) Thanks to Our Sponsors SweetProcess is a great way to document your important workflows. Doing so will help make your practice run more smoothly, and require less involvement on your part to keep things running smoothly. The best way to understand how SweetProcess will help streamline your firm is to start using it. The company offers a 14-day free trial, but as a loyal listener of this podcast, you can try it for 28-days free of charge. And you don’t even have to enter a credit card to get started. Just navigate to SweetProcess.com/ernie to start your 28-day free trial today. And thanks to the other sponsor of this podcast… Smith.ai is an amazing virtual receptionist service that specializes in working with solo and small law firms. When you hire Smith.ai you’re actually hiring well-trained, friendly receptionists who can respond to callers in English or Spanish. If there’s one great outsourcing opportunity for your practice, this is it. Let Smith.ai have your back while you stay focused on your work, knowing that your clients and prospects are being taken care of. Plans start at just $140 a month for calls or chats. And they have a special offer for podcast listeners where you can get an extra $100 discount with promo code ERNIE100. Sign up for a free trial now (and learn more) at www.smith.ai.  EPISODE CREDITS: If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment. He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world. Find out more at EmeraldCity Pro.  
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Nov 16, 2021 • 20min

178: Mental Models (Charlie Munger)

It's often hard to understand our complex tech-driven world. That's why we need "mental models" to simplify the complex and make it more understandable. Charlie Munger is a famously successful lawyer who popularized the idea of using mental models. In this episode, Ernie explores how lawyers can use this tool to "make their thinking visible" as they do their knowledge work. Show Notes The Psychology of Human Misjudgment, (a YouTube recording of a 1995 speech given by Charlie Munger at Harvard University) The Revised Psychology of Human Misjudgment, by Charlie Munger Mental Models: The Best Way to Make Intelligent Decisions (~100 Models Explained) The Great Mental Models Volume 1: General Thinking Concepts, by Shane Parrish & Rhiannon Beaubien The Great Mental Models Volume 2: Physics, Chemistry and Biology, by Rhiannon Beaubien The Great Mental Models Volume 3: Systems and Mathematics, by Rhiannon Beaubien & Rosie Leizrowice Ultralearning: Master Hard Skills, Outsmart the Competition, and Accelerate Your Career, by Scott Young & James Clear General Resources The 80/20 Principle (my email newsletter) The 5 Pillars of a Tech-Powered Law Practice The Inner Circle (an online community for law firm owners) Thanks to Our Sponsors SweetProcess is a great way to document your important workflows. Doing so will help make your practice run more smoothly, and require less involvement on your part to keep things running smoothly. The best way to understand how SweetProcess will help streamline your firm is to start using it. The company offers a 14-day free trial, but as a loyal listener of this podcast, you can try it for 28-days free of charge. And you don’t even have to enter a credit card to get started. Just navigate to SweetProcess.com/ernie to start your 28-day free trial today. And thanks to the other sponsor of this podcast… Smith.ai is an amazing virtual receptionist service that specializes in working with solo and small law firms. When you hire Smith.ai you’re actually hiring well-trained, friendly receptionists who can respond to callers in English or Spanish. If there’s one great outsourcing opportunity for your practice, this is it. Let Smith.ai have your back while you stay focused on your work, knowing that your clients and prospects are being taken care of. Plans start at just $140 a month for calls or chats. And they have a special offer for podcast listeners where you can get an extra $100 discount with promo code ERNIE100. Sign up for a free trial now (and learn more) at www.smith.ai.  EPISODE CREDITS: If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment. He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world. Find out more at EmeraldCity Pro.  
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Nov 9, 2021 • 39min

177: Building a Better Biography (with Megan Hargroder)

To attract better clients you need to give greater assurance that you're someone they'd feel comfortable working with. Or even better that they yearn to work with. The best tool for doing this is your biography, but not via the usual "obituary style" litany of accomplishments. Rather, you need to tell the story of who you really are, and why you really care about helping people. Of course, it's hard to tell your own story. In this episode, Megan Hargroder shares the insights about doing this effectively, which she's learned by working with hundreds of solo and small firm lawyers—helping them not just with a website. But also helping them tell the story of who they really are. Show Notes Megan's Biography Ernie's Biography Slides used in Megan's Presentation Episode 38: Story-Based Marketing & Communications (with Megan Hargroder) Episode 52: SEO Voodoo for Online Marketing (with Megan Hargroder) Building a StoryBrand: Clarify Your Message So Customers Will Listen, by Donald Miller Win Your Case: How to Present, Persuade, and Prevail - Every Place, Every Time, by Gerry Spence Braving the Wilderness: The Quest for True Belonging and the Courage to Stand Alone, by Brené Brown General Resources The 80/20 Principle (my email newsletter) The 5 Pillars of a Tech-Powered Law Practice The Inner Circle (an online community for law firm owners) Thanks to Our Sponsors SweetProcess is a great way to document your important workflows. Doing so will help make your practice run more smoothly, and require less involvement on your part to keep things running smoothly. The best way to understand how SweetProcess will help streamline your firm is to start using it. The company offers a 14-day free trial, but as a loyal listener of this podcast, you can try it for 28-days free of charge. And you don’t even have to enter a credit card to get started. Just navigate to SweetProcess.com/ernie to start your 28-day free trial today. And thanks to the other sponsor of this podcast… Smith.ai is an amazing virtual receptionist service that specializes in working with solo and small law firms. When you hire Smith.ai you’re actually hiring well-trained, friendly receptionists who can respond to callers in English or Spanish. If there’s one great outsourcing opportunity for your practice, this is it. Let Smith.ai have your back while you stay focused on your work, knowing that your clients and prospects are being taken care of. Plans start at just $140 a month for calls or chats. And they have a special offer for podcast listeners where you can get an extra $100 discount with promo code ERNIE100. Sign up for a free trial now (and learn more) at www.smith.ai.  EPISODE CREDITS: If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment. He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world. Find out more at EmeraldCity Pro.  
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Nov 2, 2021 • 21min

176: Make Knowledge Work More Visible

We need to be constantly mindful of what we're working on because it's easy for important work to slip through the cracks, figuratively speaking. The best way to do this is to make our work visible. Not literally, but figuratively. The thing to keep in mind is that our knowledge work is mostly mental and therefore not visible. And when information is intangible or invisible it's easy to forget about it or misplace it. That's why we need to use every means possible to keep it from slipping away—including using automation. Show Notes Episode 163: Visualizing Workflows using Kanban Boards (prior episode with John Grant) Information Anxiety 2, by Richard Saul Wurman (book about making information easier to deal with) General Resources The 80/20 Principle (my email newsletter) The 5 Pillars of a Tech-Powered Law Practice The Inner Circle (an online community for law firm owners) Thanks to Our Sponsors SweetProcess is a great way to document your important workflows. Doing so will help make your practice run more smoothly, and require less involvement on your part to keep things running smoothly. The best way to understand how SweetProcess will help streamline your firm is to start using it. The company offers a 14-day free trial, but as a loyal listener of this podcast, you can try it for 28-days free of charge. And you don’t even have to enter a credit card to get started. Just navigate to SweetProcess.com/ernie to start your 28-day free trial today. And thanks to the other sponsor of this podcast… Smith.ai is an amazing virtual receptionist service that specializes in working with solo and small law firms. When you hire Smith.ai you’re actually hiring well-trained, friendly receptionists who can respond to callers in English or Spanish. If there’s one great outsourcing opportunity for your practice, this is it. Let Smith.ai have your back while you stay focused on your work, knowing that your clients and prospects are being taken care of. Plans start at just $140 a month for calls or chats. And they have a special offer for podcast listeners where you can get an extra $100 discount with promo code ERNIE100. Sign up for a free trial now (and learn more) at www.smith.ai.  EPISODE CREDITS: If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment. He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world. Find out more at EmeraldCity Pro.  
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Oct 26, 2021 • 32min

175: Make it Personal

If you're willing to go beyond the superficial and get more personal, you'll attract much better clients. It feels awkward at first, but it's vital. In this episode, I'll share some really personal things that I don't normally share. Not as a "marketing ploy," but to demonstrate that deeper connections come from going beyond the supposedly "safe zone" of superficiality. I'll share the true reason why I became a lawyer. It's not anything that anyone would ever guess. But once you know that true reason you'll know a lot more about me than even some of my long time friends probably know. Show Notes Win Your Case, by Gerry Spence Braving the Wilderness: The Quest for True Belonging and the Courage to Stand Alone, by Brené Brown General Resources The 80/20 Principle (my email newsletter) The 5 Pillars of a Tech-Powered Law Practice The Inner Circle (an online community for law firm owners) Thanks to Our Sponsors SweetProcess is a great way to document your important workflows. Doing so will help make your practice run more smoothly, and require less involvement on your part to keep things running smoothly. The best way to understand how SweetProcess will help streamline your firm is to start using it. The company offers a 14-day free trial, but as a loyal listener of this podcast, you can try it for 28-days free of charge. And you don’t even have to enter a credit card to get started. Just navigate to SweetProcess.com/ernie to start your 28-day free trial today. And thanks to the other sponsor of this podcast… Smith.ai is an amazing virtual receptionist service that specializes in working with solo and small law firms. When you hire Smith.ai you’re actually hiring well-trained, friendly receptionists who can respond to callers in English or Spanish. If there’s one great outsourcing opportunity for your practice, this is it. Let Smith.ai have your back while you stay focused on your work, knowing that your clients and prospects are being taken care of. Plans start at just $140 a month for calls or chats. And they have a special offer for podcast listeners where you can get an extra $100 discount with promo code ERNIE100. Sign up for a free trial now (and learn more) at www.smith.ai.  EPISODE CREDITS: If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment. He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world. Find out more at EmeraldCity Pro.  
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Oct 19, 2021 • 25min

174: Mental Trauma & Stress

The modern world places even greater strain on our mental well-being. How can we become more resilient, strong, and balanced? Sometimes it's not easy to understand. But we can gain useful perspective that helps us stay calm, and make better decisions under pressure. Or just in the everyday stress moments that routinely present themselves to us. Show Notes The Four Agreements, by Don Miguel Ruiz (concise guide to putting everything important into helpful perspective) The Power of Now, by Eckhart Tolle (for learning to become more present and less distracted) Insight, by Tasha Eurich (for improving self-awareness) The Artists Way, by Julia Cameron The Importance of Labeling Your Feelings, a good web article My blog posts about meditation The Reluctant Man's Guide to Starting Therapy, (helpful article for men wondering about therapy) General Resources The 80/20 Principle (my email newsletter) The 5 Pillars of a Tech-Powered Law Practice The Inner Circle (an online community for law firm owners) Thanks to Our Sponsors SweetProcess is a great way to document your important workflows. Doing so will help make your practice run more smoothly, and require less involvement on your part to keep things running smoothly. The best way to understand how SweetProcess will help streamline your firm is to start using it. The company offers a 14-day free trial, but as a loyal listener of this podcast, you can try it for 28-days free of charge. And you don’t even have to enter a credit card to get started. Just navigate to SweetProcess.com/ernie to start your 28-day free trial today. And thanks to the other sponsor of this podcast… Smith.ai is an amazing virtual receptionist service that specializes in working with solo and small law firms. When you hire Smith.ai you’re actually hiring well-trained, friendly receptionists who can respond to callers in English or Spanish. If there’s one great outsourcing opportunity for your practice, this is it. Let Smith.ai have your back while you stay focused on your work, knowing that your clients and prospects are being taken care of. Plans start at just $140 a month for calls or chats. And they have a special offer for podcast listeners where you can get an extra $100 discount with promo code ERNIE100. Sign up for a free trial now (and learn more) at www.smith.ai.  EPISODE CREDITS: If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment. He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world. Find out more at EmeraldCity Pro.  
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Oct 12, 2021 • 33min

173: Reading Jurors' Minds (with Elizabeth Larrick)

Jury consultants assemble focus groups and then use psychology-based interview strategies to help lawyers get in the minds of jurors. Now they can do it virtually. Elizabeth Larrick is an attorney who also does focus group consulting, and in this episode she shares insights into how this is now done virtually, using Zoom. Show Notes Elizabeth Larrick's website Elizabeth Larrick's PDF Guide checklist for doing your own focus groups Judge Emily Miskel's Twitter General Resources The 80/20 Principle (my email newsletter) The 5 Pillars of a Tech-Powered Law Practice The Inner Circle (an online community for law firm owners) Thanks to Our Sponsors SweetProcess is a great way to document your important workflows. Doing so will help make your practice run more smoothly, and require less involvement on your part to keep things running smoothly. The best way to understand how SweetProcess will help streamline your firm is to start using it. The company offers a 14-day free trial, but as a loyal listener of this podcast, you can try it for 28-days free of charge. And you don’t even have to enter a credit card to get started. Just navigate to SweetProcess.com/ernie to start your 28-day free trial today. And thanks to the other sponsor of this podcast… Smith.ai is an amazing virtual receptionist service that specializes in working with solo and small law firms. When you hire Smith.ai you’re actually hiring well-trained, friendly receptionists who can respond to callers in English or Spanish. If there’s one great outsourcing opportunity for your practice, this is it. Let Smith.ai have your back while you stay focused on your work, knowing that your clients and prospects are being taken care of. Plans start at just $140 a month for calls or chats. And they have a special offer for podcast listeners where you can get an extra $100 discount with promo code ERNIE100. Sign up for a free trial now (and learn more) at www.smith.ai.  EPISODE CREDITS: If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment. He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world. Find out more at EmeraldCity Pro.  
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Oct 5, 2021 • 51min

172: Review of The Law+Tech Evolution (with Denise Howell)

California attorney Denise Howell reflects on the many changes that technology has brought to the practice of law over the past two decades. Denise Howell was working in a large L.A. firm when started the fourth lawyer weblog. Five years later she went out on her own, and also was the host of probably the first legal podcast. In this episode, she and Ernie examine some of the tech-driven changes that have taken place in the practice of law and society in general. Show Notes Denise Howell's Twitter Denise Howell's Instagram Denise Howell's website Denise Howell's Sustainable Fashion website Bob Ambrogi's blog post about early legal bloggers General Resources The 80/20 Principle (my email newsletter) The 5 Pillars of a Tech-Powered Law Practice The Inner Circle (an online community for law firm owners) Thanks to Our Sponsors SweetProcess is a great way to document your important workflows. Doing so will help make your practice run more smoothly, and require less involvement on your part to keep things running smoothly. The best way to understand how SweetProcess will help streamline your firm is to start using it. The company offers a 14-day free trial, but as a loyal listener of this podcast, you can try it for 28-days free of charge. And you don’t even have to enter a credit card to get started. Just navigate to SweetProcess.com/ernie to start your 28-day free trial today. And thanks to the other sponsor of this podcast… Smith.ai is an amazing virtual receptionist service that specializes in working with solo and small law firms. When you hire Smith.ai you’re actually hiring well-trained, friendly receptionists who can respond to callers in English or Spanish. If there’s one great outsourcing opportunity for your practice, this is it. Let Smith.ai have your back while you stay focused on your work, knowing that your clients and prospects are being taken care of. Plans start at just $140 a month for calls or chats. And they have a special offer for podcast listeners where you can get an extra $100 discount with promo code ERNIE100. Sign up for a free trial now (and learn more) at www.smith.ai.  EPISODE CREDITS: If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment. He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world. Find out more at EmeraldCity Pro.  
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Sep 28, 2021 • 42min

171: Virtual Executive Assistants (with Valerie Trapunsky)

A virtual executive assistant can be a boon to your productivity. But how can you get a good EA and what is it like to work with one? One person who knows is Valerie Trapunsky, the founder of a virtual assistance company called ChatterBoss. Her company pairs virtual executive assistants with entrepreneurs, even some lawyers. ChatterBoss is not like most virtual assistance services, because they go beyond just VA match-making. They are also outsourcing coaches, which means they're fully invested in helping you succeed in working with virtual assistance. This conversation will give you some uncommon insights into how to find and work effectively with a high-quality virtual assistant. Show Notes ChatterBoss website (where you can schedule a free meeting to discuss how their executive assistant service might be right for you) General Resources The 80/20 Principle (my email newsletter) The 5 Pillars of a Tech-Powered Law Practice The Inner Circle (an online community for law firm owners) Thanks to Our Sponsors SweetProcess is a great way to document your important workflows. Doing so will help make your practice run more smoothly, and require less involvement on your part to keep things running smoothly. The best way to understand how SweetProcess will help streamline your firm is to start using it. The company offers a 14-day free trial, but as a loyal listener of this podcast, you can try it for 28-days free of charge. And you don’t even have to enter a credit card to get started. Just navigate to SweetProcess.com/ernie to start your 28-day free trial today. And thanks to the other sponsor of this podcast… Smith.ai is an amazing virtual receptionist service that specializes in working with solo and small law firms. When you hire Smith.ai you’re actually hiring well-trained, friendly receptionists who can respond to callers in English or Spanish. If there’s one great outsourcing opportunity for your practice, this is it. Let Smith.ai have your back while you stay focused on your work, knowing that your clients and prospects are being taken care of. Plans start at just $140 a month for calls or chats. And they have a special offer for podcast listeners where you can get an extra $100 discount with promo code ERNIE100. Sign up for a free trial now (and learn more) at www.smith.ai.  EPISODE CREDITS: If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment. He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world. Find out more at EmeraldCity Pro.  
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Sep 21, 2021 • 38min

170: Effective Decision-Making for Lawyers

How can we make better, more effective decisions? It's important to find out because the quality of our lives is determined by the quality of our decisions. Many of our decisions are impaired even before we start to make them because of cognitive blind spots. So what are some examples of these cognitive glitches, and how can we overcome them? That's what you'll discover in this episode. Show Notes Read Everything is Figureoutable by Marie Forleo (will help you develop your “figure it out” muscle) Read Thinking Fast and Slow by Daniel Kahneman (and examine your thinking with more examples like the "baseball and ball" test) Read The Great Mental Models, Vol. 1 by Rhiannon Beaubien and Shane Parrish (An overview of key “thinking principles”) Visit Farnham St. Blog (An ongoing examination of key “thinking principles”) Listen to The Knowledge Project podcast (An ongoing discussion of key “thinking principles”) Listen to Tim Ferriss Show podcast (will help you find successful people to model and learn how they made good decisions) Listen to Mixergy podcast with Andrew Warner (will help you find successful people to model and learn how they made good decisions) Read Post-Corona by Scott Galloway (Discover the powerful trends that are driving radical change now, and what you should do to capitalize opportunities and meet challenges) Read Thinking In Bets by Annie Duke (Develop better decision-making skills in general) Read The Psychology of Money by Morgan Housel (Develop better decision-making skills regarding finance) Read Alchemy: The Dark Art and Curious Science of Creating Magic in Business, and Life by Rory Sutherland (to understand how some things work even though they don't make sense, and vice-versa) General Resources The 80/20 Principle (my email newsletter) The 5 Pillars of a Tech-Powered Law Practice The Inner Circle (an online community for law firm owners) Thanks to Our Sponsors SweetProcess is a great way to document your important workflows. Doing so will help make your practice run more smoothly, and require less involvement on your part to keep things running smoothly. The best way to understand how SweetProcess will help streamline your firm is to start using it. The company offers a 14-day free trial, but as a loyal listener of this podcast, you can try it for 28-days free of charge. And you don’t even have to enter a credit card to get started. Just navigate to SweetProcess.com/ernie to start your 28-day free trial today. And thanks to the other sponsor of this podcast… Smith.ai is an amazing virtual receptionist service that specializes in working with solo and small law firms. When you hire Smith.ai you’re actually hiring well-trained, friendly receptionists who can respond to callers in English or Spanish. If there’s one great outsourcing opportunity for your practice, this is it. Let Smith.ai have your back while you stay focused on your work, knowing that your clients and prospects are being taken care of. Plans start at just $140 a month for calls or chats. And they have a special offer for podcast listeners where you can get an extra $100 discount with promo code ERNIE100. Sign up for a free trial now (and learn more) at www.smith.ai.  EPISODE CREDITS: If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment. He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world. Find out more at EmeraldCity Pro.  

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