A janitor asked Warren Buffett how he got so good at investing.
Buffett said, "I want you to do this exercise..."
He then told the janitor the 5/25 rule.
With another year here, and to be honest, a pretty nauseating year last year, it's a good time to be reminded of Buffett's 5/25 rule.
The 5/25 rule is also a good guide to know when to say "No", which is perhaps the critical skill for success and one I wish I learned when I was much younger.
1: The 5/25 rule, part 1
List the 25 things you are most passionate about.
2: The 5/25 rule, part II
Split them into two lists. The top 5 items and then the next 20. Note, you are still insanely passionate about the next 20. They are just numbers 6-25 on your list.
(You can write them down on a waiter's pad. Keep it simple)
(not my 5/25 list. But my personal commandments list).
3: The KEY to the 5/25 rule
NEVER LOOK OR THIINK ABOUT THE BOTTOM 20 AGAIN
4: Extension of this:
When you are in a period of really trying to master something, perhaps this is the 1/10 rule or 2/10 rule.
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