The Pareto principle (also known as the 80–20 rule, or the law of the vital few) states that, for many events, roughly 80% of the effects come from 20% of the causes.
The Pareto principle can be applied to almost all walks of life. 20% of your energy produces 80% of your results, 20% of your stock picks account for 80% of your portfolio appreciation, 20% of the people in society account for 80% of progress… you get the picture.
Why shouldn't this principal be used in our everyday carry systems?
The Pareto principle can be applied to almost all walks of life. 20% of your energy produces 80% of your results, 20% of your stock picks account for 80% of your portfolio appreciation, 20% of the people in society account for 80% of progress… you get the picture.
Why shouldn't this principal be used in our everyday carry systems?