How The Pareto Principle Can Change Your Life

In the late 1800’s, Vilfredo Pareto discovered that 20% of the people in Italy owned 80% of the land. This ratio holds true for a variety of phenomena in the world. For example, 20% of the population holds 80% of the wealth. Fixing the top 20% of the bugs in a software program eliminates 80% of the software crashes. This idea can be applied to your life very effectively.