Originally Posted by Star

He also states " that their has to be a definite purpose " By that he states that if you want and need a certain amount of money you have to define and write down exactly how much and what you are going to do in return to receive that sum.

However, here is the rub. In my opinion the formulation of Systems, Ratings and neurals are based on information found in past results, so, like it or not. the question is:

' CAN THE PAST PREDICT THE FUTURE. '

Originally Posted by Star

' CAN THE PAST PREDICT THE FUTURE. '

Originally Posted by Star

I mentioned in a new thread I started about compiling a ratings system about the Paretto Principal.

Now, I wont bore you because I am sure that everybody knows about it. But briefly this Mr Paretto an Italian mathamatician came up with the theory that 20% of what we do accounts for 80% of our outcomes. Convewrsley it applies also. 80% of what we do only produces 20% of our otcomes or results.

Now, here is my thought. Because so many on here are trying to add one more filter to a system for the Holy Grail what if we did the opposite?

Let's get back to the basics and not overcomplicate things.

If Mr paretto was a race horse punter I wonder what he would consider important in his 20% and what he would put in his 80%.

I could go on but will see if anybody else wants to follow along and add to this little idea. As always these things are not to be taken to seriously but often when discussing things like this little gems or ideas might show up.

Star

Originally Posted by garyf

I seemed to have strayed from the original post.

Either contribute to the original post "GAZZA" or zip the lip.

The latter methinks.

Cheers.

Originally Posted by Star

Gary,

I think everything what you and others have said are all part of the 100%. Unless we know all or most of the key ingredients in my opinion it is impossible to break it all down to 20/80.

Thanks and keep on " unzipping the lip " this thread is really enjoyable and I for one am getting a lot out of it.

Star

Originally Posted by beton

Star. What you have missed is that the Privateer's method of selection, his Pareto Rules, were stat based. Pure numbers based on past performance. He worked out where 80% of the income came from the 20% of data. The adding of recent knowledge, or the present, is a totally different equation. If you are going to apply the Pareto principle to the total sum OLD + NEW then you have to apply it to each then add them together. Beton