Apply This Simple Principle to Crush the Market
Why don't they teach you this at business school?
The Pareto principle is one of my favorite mental models.
You may have heard of it by its other name: the “80-20 rule.”
In 1906, economist Vilfredo Pareto developed a mathematical formula to describe the distribution of wealth in Italy. Pareto observed that 20% of the population owned 80% of Italy’s wealth.
Image: https://www.ronorr.com/2015/09/01/8020-rul…