Showing posts with label 80-20 rule. Show all posts
Showing posts with label 80-20 rule. Show all posts

Sunday, February 17, 2013

Charles Hugh Smith — The Pareto Economy


My cousin is an engineer, and he taught me how to use many rules of thumb in figuring and estimation. The 80-20 rule is a useful heuristic that has served me well. Take a minute to read this. Many gems.

Of Two Minds
The Pareto Economy
Charles Hugh Smith
(h/t Zero Hedge)