Some real life fun use cases of Vifredo Pareto 80:20 rule
In 1906 Vilfredo Pareto made an observation that 20% of the population owned 80% of the land in Italy. He also noticed that 20% of the pea pods in his garden were responsible for the 80% of peas. This discovery has evolved further with time and is now practiced in various ways. Some fun use cases:
In any healthy relationship you will get 80 percent of what you are looking for as a person cannot be an all rounder for you. In the movie why did I get married Malik Yoba says you get 80% from your women in a marriage and later another woman comes along who gives you the missing 20, you then decide to leave the 80 thinking you are getting something better but in reality you are only getting 20.
Please watch the movie if you haven't already!
20% of your investments in the portfolio are responsible for 80% of the returns or 20% of your portfolio can be responsible for 80% of the loss.
If you want to follow a healthy diet then the dietician says 80% of your food should be nutritious and healthy while the remaining 20% can be given into cravings and indulgences.
Open your closest and you will be amazed to realize that 80% of the time you wear the same 20% of your clothes from the wardrobe.
80% of the wealth lies in the hands of 20% in this world.
20% of your coworkers or friends create 80% of the problem in office or your life or 20% of your coworkers do 80% of the work.
Share your experiences of 80:20 rule in life. It will be fun to read!