Yes, Casey often makes that point in regards to stock choices. You can also say that it applies a lot to commodity markets in respect to when to hold ‘em and when to fold ‘em.

Rothbardian_fanatic

A point Doug Casey likes to make is that you can iterate on the Pareto Rule: i.e. you can get 80% of that 80% with 20% of that 20%. 

In other words, you can accomplish 64% as much with only 4% of the effort.

Undisciplined

ideasfromtheedge

Go all in or spread out wide?

cryotosensei

In economics this is called the Pareto rule. 80% of the work accomplished comes from 20% of the workers. The secret is to then whittle down the other 80% as the deadwood they are. Musk used this idea at X.com when he took over. He first looked for volunteers to leave then fired whomever he thought was not in the 20%. If you have ever been a salesman, you may have experienced this when they fire the bottom 20% of the salesforce every year. This sounds harsh but it helps everyone find the niche in which they fit best.





