Pareto at Play: How Can We Get More Out of Life
allef-vinicius_unsplash As life events happen around us, Nature seems to be busy churning numbers. It’s almost like one giant data science machine that’s working on the predictability of situations - dropping hints for course correction. Consider these examples from the new age world: 1. 80% of wealth in the world is owned by 20% people (and vice versa) 2. 90% of Warren Buffet's wealth is from just ten most paying investments 3. In a business, roughly 20% of the customers bring in 80% of the revenue 4. I n sales, typically 80% of the deals are closed by 20% of the sales staff 5. Financial gurus suggest 20% allocation of income towards financial goals, and the remaining 80% for everything else 6. 80% of the total healthcare expenditure happens in the last 20% of a person’s life 7. 80% of road traffic accidents happen due to 20% of the most common reasons 8. 80% employees reach late to the ...