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.
Organisational changes to retain staff What else can you do outside of looking at existing talent? Well, upskilling, mentoring, outsourcing, and using technology are all options. But there are many others:
Who are you? 1. ISTJ: RESPONSIBLE REALISTS THE LOGISTICIAN Who they are: dutiful doers who appreciate clarity, love routines, and believe in values like honor, hard work, and social responsibility. They’re quiet, reserved, and reliable. The Queen of England is an archetypal ISTJ. How to work with them: “This personality type is incredibly well organized, which is a major asset in a remote working environment,” says psychologist and business coach Rosie Peacock, CEO of Conscious Enterprise . “They don’t need much management or checking up on, just email them a to-do list at the start of the week, and you can trust them to quietly get on with it. They’d also be the perfect type to organize and streamline any shared space online, from Dropbox to Google Docs.” 2. INFJ: INSIGHTFUL VISIONARIES THE ADVOCATE Who they are: principled creatives who are quietly forceful but also intuitive about people and concerned about their colleagues’ feelings. They tend to be deep thinkers with ba...
Bounce Back - redundancy time Take a breath and take off a week and plan your next journey Check all your spending and remove as many items as possible or renegotiate pick up your TODO list and finish these items while starting to apply for roles Upskill or reskill to get your next position Do not splurge your redundancy payment Get your CV, online profile, and interview readiness current and polished
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