Warren Buffett 5/25 rule for success

 

The Warren Buffett 5/25 Rule For Success  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.