Is possession really that important in football?

Fascinating read this: http://www.guardian.co.uk/sport/blog/2010/may/12/the-question-important-possession

Taking studies from key football thinkers, statistics from Premier League, European and International games, this article poses some fantastic insights into what is important in football.

Also take a look at Pep Guardiola's highs and lows: http://www.zonalmarking.net/2010/05/04/how-the-2000s-changed-tactics-1-the-fall-and-rise-of-the-passing-midfielder