The 80/20 Rule is 80% Accurate 20% of The Time
Italy’s 1800’s famed economist, Vilfredo Pareto’s, determined that 20% of the Italian population controlled 80% of the country’s wealth. Likewise, 20% of the country’s wealth was controlled by 80% of the population. This observation can be applied to many facets of business and life. But buyer beware, this formula doesn’t apply all the time. Read more »