The 80/20 Principle

Discuss issues related to business, finance, taxes, investments, cost of living in different countries, etc.

Moderators: jamesbond, fschmidt

Post Reply
User avatar
jamesbond
Elite Upper Class Poster
Posts: 9173
Joined: August 25th, 2007, 10:45 am
Location: USA

The 80/20 Principle

Post by jamesbond »

The Pareto principle (aka 80/20 rule) suggests that, for many events, roughly 80% of the effects come from 20% of the causes. Given the 80/20 rule, you generally will find that you spend 80% of your time chasing that extra 20% of result. In THEORY, you should be able to do 20% of what you’re doing now and still get 80% of the result.

"When I think about the idea of getting involved with an American woman, I don't know if I should laugh .............. or vomit!"

"Trying to meet women in America is like trying to decipher Egyptian hieroglyphics."
Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Business, Finance, Taxes, Investments, Cost of Living, etc.”