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Warren Buffet's theory. Write down the top 25 ideas you have. Now choose the top 5, most important ones. The absolute best. Now cross out the other 20. They'
by stacktravel 7y ago
Warren Buffet's theory.
Write down the top 25 ideas you have.
Now choose the top 5, most important ones. The absolute best.
Now cross out the other 20. They're distracting you from the ones you should be focusing on.
- rcavezza 7y agoI love the advice and idea, but this reminded me of an excerpt from The Third Door by Alex Banayan. “Mr. Buffett, I’ve heard that one of your ways of focusing your energy is that you write down the 25 things you want to achieve, choose the top five and then avoid the bottom 20. I’m really curious how you came up with this and what other methods you use for prioritizing your desires?” Buffett chuckled, responding, “Well, I’m actually more curious about how you came up with it.” The audience erupted in laughter. Buffett proceeded to explain that both he and Munger live very simple lives, and are not disciplined enough to approach decision-making in that way. “I can’t recall making a list in my life,” said Buffett.