The Pareto Principle is one of these principles that cannot be mathematically proved but that works in the real world, approximately...I can see why you used it to confirm the value of a few against the malinvestment of many.
The Pareto Principle is one of these principles that cannot be mathematically proved but that works in the real world, approximately...I can see why you used it to confirm the value of a few against the malinvestment of many.
I think there are many things that can't be "proved" why they work. But only a blind man would deny the significance of recurring patterns in nature.
Most start-up businesses fail; a minority change the world. Somewhere today there is a team building the equivalent of Facebook & Netflix for the next era of digital commerce.