Richard Koch is a renowned British author, entrepreneur, and former management consultant. He holds an M.A. from Oxford University and an M.B.A. from The Wharton School. Koch's career includes stints at prestigious firms like the Boston Consulting Group and Bain & Company. In 1983, he co-founded L.E.K. Consulting, which grew rapidly under his leadership. Koch's entrepreneurial ventures span various industries, including investments in Filofax, Plymouth Gin, Betfair, and Auto1. His most famous work, "The 80/20 Principle," has sold over a million copies and been translated into 40 languages. Koch has authored approximately 25 books on strategy, investment, and personal success. His writing style combines practical business insights with philosophical depth, often challenging conventional wisdom. Koch's latest works explore the concept of "simplification" in business and the nature of "unreasonable success." When not writing or investing, Koch enjoys applying his 80/20 philosophy to achieve a balanced and fulfilling life.