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I don't think this is necessarily true. John D Rockefeller only worked from 9 AM to the early afternoon, at which point he went home to take a nap. The main difference seems to be that Rockefeller was extremely exacting in how he spent his work time.

This isn't businesss-specific, but there's also the famous study on top violin players. The elite performers actually work fewer hours a day, but are more focused and deliberate during their practice. That lines up with Rockefeller.

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