Curated from: betterexplained.com
Ideas, facts & insights covering these topics:
6 ideas
·5.28K reads
73
5
Explore the World's Best Ideas
Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.
The Pareto Principle referred to the observation that 80% of Italy’s wealth belonged to only 20% of the population.
46
1.03K reads
It can mean all of the following things:
58
933 reads
There’s a common misconception that the numbers 20 and 80 must add to 100 — they don’t!
Remember that the 80/20 rule is a rough guide about typical distributions.
The key point is that most things in life (effort, reward, output) are not distributed evenly — some contribute more than others.
53
856 reads
The Pareto Principle helps you realize that the majority of results come from a minority of inputs.
The point is to realize that you can often focus your effort on the 20% that makes a difference, instead of the 80% that doesn’t add much.
60
849 reads
The point of the Pareto principle is to recognize that most things in life are not distributed evenly.
Make decisions on allocating time, resources and effort based on this:
52
777 reads
It may be true that 80% of the Mona Lisa was painted in the first 20% of the time, but it wouldn’t be the masterpiece it is without all the details.
50
833 reads
IDEAS CURATED BY
A junior reader who enjoy topics that advocate for self-improvement. Also a proponent of healthy living and mindfulness (still learning). Let’s connect and explore the world of books together!
CURATOR'S NOTE
Time management and making priorities might be painful and these might be blockers to your success. The Pareto Principle might give you the refreshers as a new perspective.
“
Learn more about strategy with this collection
Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
Related collections
Similar ideas
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates