The Perils of Analysts Demanding Perfection and Precision
I refer to myself as a âready-fire-aimâ kind of guy. Although this is an exaggeration, it makes the point that I stop analyzing when the information is good enough to gain insights or make decisions.
I am an advocate of the Pareto principle that is also known as the 80â20 rule â the law of the vital few versus the trivial many. It states that for many events, roughly 80% of the effects come from 20% of the causes.
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