On Pareto

80/20

For many events, roughly 80% of the effects come from 20% of the causes - Vilfredo Pareto

The 80/20 Principle applied to business has one key theme—to generate the most money with the least expenditure of assets and effort. This accounts for demising returns. But, what is the 80/20 Principle? The 80/20 Principle tells us that in any population, some thin…