Vail Daily column: The 80/20 rule: A good way to conduct your life

Vail Daily column: The 80/20 rule: A good way to conduct your life
Local News

By Edward Stoner

The 80/20 rule, known as the “‘Pareto Principle” named after economist Vilfredo Pareto, is a principle that states, for many phenomena, 20 percent of invested input is responsible for 80 percent of the results. We live with this rule/principle whether we are aware of it or not, so why not use the percentages to our benefit? This percentile ratio can be a good rule of thumb when used as a guide in making choices that improve the quality of our lives. Think about it. Take a close look at your finances, for example. Accumulated debt is probably not caused by …

Source: Vail Daily Feed