Warren Buffett's 5/25 Rule Will Help You Focus On The Things That Matter
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- Опубликовано: 1 сен 2018
- Here is the rule Warren Buffett uses to focus on his priorities.
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Book mentioned:
So Good They Can't Ignore You by Cal Newport
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Further information:
The Superstar Effect: constantrenewal.com/superstar...
Less Is More: constantrenewal.com/less-is-m...
This was initially published as an article on Medium.com by Louis Chew: / warren-buffetts-5-25-r...
Author: Louis Chew | constantrenewal.com/
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hello! can you please check your DM on ig? It doesn't seem active....thank you!
Its time to start telling the truth about Warren Buffett, yes he is super massively successful but I never ever hear anyone talk about the losses that he has sustained as an investor. Knowing a persons weakness and losses are just as important as a persons wins in fact the losses in my opinion are more important. All the commentary about Warren Buffet is like a fairy tale. If I had the opportunity to spend all day reading books and talking on the phone about investment deals I think lots of people would be like Warren Buffet in fact better. Stay out of the matrix, avoid the illusion these guys are peddling as they fantasize about their favorite investor, we have no idea what kind of power, insider information or advantage Buffett really has the reason I say this is because all you hear is good information about Buffett which makes me highly skeptical because real life is NEVER like that for anyone including Jesus.
The people who have done it always throw these gotchas at you. The 5/25, 80/20 etc etc. They make interesting reading but are not helpful.
They were successful due to a variety of factors that are all not easily replicable. Call it being in the right place at the right time, picking the right womb, being born at a certain period of human development, born in the right place etc etc. These set of conditions are so unique that trying to replicate them would be madness. Reading through Bill Gates and Steve Jobs' biography, you realize that they were creative people but also very lucky people. They always had the right people and circumstances to begin with.
And of course not knowing when another act of God will hit the economy.
A Who Snackbar Yes, yes, yes. I realized the same thing reading through Tools of Titans.
2:09
List top 25 priorities
Focus on top 5
Hyper focus on the top 1
Ignore the other 20
Because what is really a priority if everything is considered a priority. You get nothing done.
Thanks for the shortcut.
Watching this while procrastinating on things that really matter
Thought i was the only one
This is me now😂😂😂😂
lol
Same 🤣
Ur so pathetic. This isn’t a joke. Get it together loser
"Success leaves clues" and this is why it's so important to analyze the activities of successful people. Warren Buffet is one of the most quoted people and he deserves it so! I really enjoyed this short clip on his decision making. It's vital information for all of us.
In a world full of distractions, selective focus and patience is key to succeed.
I agree 100% with you focus is everything. Stay away from cheap dopamine hits.
Does that really need to be said, given the video explains that?
I'm with you on that too. I also wanna add that finding the right cause or goal for all the hard work and determination can be quite challenging.
Perseverance!
This vid in a nutshell
ironically had to replay this several times as could not focus
Haha !!
Me too. Does it make you feel ill when you can't focus. I do😳
I believe one of the main reasons why people don't achieve that much in their life, is due to a lack of focus. This exercise makes you laser focus on what you really want out if life.
Yes exactly I agree
Exactly.
5 years since seeing this, it saved my life. And I am 180° from where I was 5 years ago
you can do anything , but you can't do everything.
This is a very underrated comment
I like this
5/25. Multiply by 4. You get 20/100. Basically, his rule is to focus on 20% of the most important tasks and ignore the other 80%.
Bye Buffet, it was the good ole Vilfredo Pareto all time long: en.wikipedia.org/wiki/Vilfredo_Pareto
I did this 2 years ago and I can tell that it's a hard thing to do especially if you are under 30 and you are not really sure in what direction you should go. Still...it will help you to make a better idea about priorities. You will understand even better if you have priorities in life and if you do which are those. You will come back to that list numerous times and you will realize it was a super interesting and useful exercise. Excellent movie, man!
Outsmart & Outwork how do you feel it applied to your top 5 goals? I agree with your point as well, I’m 23 and my goals change every day and it’s hard.
I applied this ever since I learned the 80/20 rule. I narrowed it down further to the Rule of 3s.
Maybe a modification of this rule is to make this list at regular intervals (say, every week), and then after a year, tally the number of times a goal remains in the Top 5. That could help indicate which goals you truly hold long-term.
Jordyn Ross love. U need love. U don’t love your list you only fantasize about it. You need touch n dirt n calm grounding.
Here do this: do nothing but eat n pay bills n stop escaping...
You will feel pain now.
You will want to escape...
Do not escape.
Wish for nothing.
Now.... live a little more...
now start gratitude for things you appreciate...
Repeat for months...
Now what actually calls to you needs/wants/likes wise?
Some things you need.
Safe apt location n clean air or positive home n cleanliness? Job or more cash actually ?
Some things you want ... super passions n your willing to live with them like motorcycle in your living room as functional art... a deep passion that your cool paying n working for n living with...
Likes: stuff that’s cool or really cool but whimsical however interesting enough to try sometimes like going to some reptile or historic fair show, or event or a weird ice cream place 100 miles away...
The need fuels you to survive
The want warms you to live
The like delights you to play
What your doing friend is over focusing on play n stuffing lots of life in there that needs be in the other categories.
For me I wanted like 10 bikes n could not choose... why can’t I buy them all?
Time, energy and money... is why. Also because I have needs n likes that would be ruined by too much passion for example.
I suffered great anguish over what to choose for true needs, wants n likes...
I moved off sports bikes and onto cruisers...
I changed my work habits to afford time to ride.
I got more fit so I can ride better. I got better credit and savings so I can own, win and use...
Then now I was confronted with the truth... do I really want to ride need to ride or lolento ride... what if I get hurt.... it’s allot of money... what if this doesn’t make my life better?
Love saved me.
I love to journey n find new places. 😎. I love to be alone off a mountain trail an breath the air and think on my life and enjoy the animals both safe n dangerous to be aware off😎. I like really appreciate motorsports😎. I know the deep skills involved of on going safety n find that challenge great n rewarding 😎. I like the sounds n experiences.😎. I see not riding as a harm to my person both physically and lifestyle wise and a limiter to my true self 😎. If I die or am hurt than I must risk this consciously😎. I play hard but am also smart n ride safe allot too 😎. I want to be sore from fitness but not be limited in my bike or riding (get a cruiser).😎 I want to feel happy even when just chillen n blinging (get a cruiser)😎. I want to rip it up occasionally (get a sporty ass cruiser) 😎. I want to see events n shows from a bikers perspective but also to rip to the beach n mountains (cruiser works)...😎
This was my need. A love. Only love taught me my true needs. Yes it’s in the wants carigory but I learned I needed this for my whole lifestyle.
It’s a core want. Pay dirt want.
Took me 5 years to learn this.
Now I’ll travel for a rare ice cream cone or delightful street to take a walk on 50-100 miles away on a Sunday. It supports my whole week to go for that like of the icreceam or to walk some rare and interesting street. I would not do it in a car. Now I’m fueled across categories but the need one actually...
My core need is to serve you happiness or help to move you into that direction more often than had you not met me.
I can live without my bike but I can’t live without helping people grow happier.
It’s all interchangeable however for me needs allow me to live, wants keep me warm and allow me to stay alive easier and likes give me guidance to light pleasures or basic direction of play. That play crowns my personhood with honor and confidence and a belonging to myself as never before.
All Categories Add Up N Fuel The Others.
Take everything away.
Stop wishing.
Use gratitude routinely.
See what calls to you.
All is interesting but all is not love. What you love more will emerge.
Motorcycling is one of my lifestyle loves... I have a couple more... that is all.
I’m awesome at these things.
That is love. Greed wants it all and sacrifices for little. Sacrifice is to give up really good for amazing great. Sacrifice all the stuff for some power passions. Only chose what you can enjoy on your own even if others don’t praise you.
Now I had no idea but women like Harley’s. That’s cool. I dig. Choosing love also blessed me with a bike that’s hot to women... not a bike that seams dangerous n just a toy.
I would like a Ducati 959 to track... but I live n breath with my H-D FatBob 2019 114 Scorched Orange n Denim Black because I can’t live on like and it would break down the triad of power I received from this one life passion of cruising. A passion I was hiding from within. Covered up by race envy of my dads previous lifestyle n top rankings...
Any choice is a valuable choice. We exclude with decision. We fear responsibility. To say this and not that! However it is a art to choose... get active on this art... re read my words here to you.
Calm down. Your healing allot. Not just some choice. Your clearing panic, your clearing busy work that fails, your clearing loser hood which occurs by not focusing, your clearing failure which comes from wrong decisions done as a habit not a one time wrong decision... your cleaning up every mistake that’s put into you from school, parents society and your own self...
You finding the well within and learning to drink deeply... you will be happy thru this process.
It’s a sacrifice to do this process. 1thing to give up is frustration... in place of calm resolve... email me to get more structure to this share of care KaramLevi@gmail.com
Well on the other hand, if you're 30 or older, you may have already lost your life. At this age many goals are impossible to accomplish anymore. Successful people start their careers early and never stop.
You could also take it a step further. After you finish the exercise and have your 5, take each one and for each one write out 25 things you can do to achieve them. Then prioritize and work your way down them. That way you can see the top 20% of things you'll need to do to achieve each one right off the bat and start making dents in your goals in the fastest and most effective way
I like this. Thanks.
💜
Mlm
Exactly.. So true !
OMG
This is a profound truth. It's what truly separates the successful from the mediocre. And I struggle with it everyday.
Who ever said it first I agree 'less is more". Life is just too short to do it all, focus on the things you want to do most and you will be more relaxed and move towards your most important objectives with better focus.
Great video full of usefull tips! I gotta try thisv5/25 prioritization.
I made the experience that less is better, I try to focus on 2 important goals at a time.
Nice..Less is the new more..
I work in software development. We often have around 25 things which are important, and try to narrow down our top 5 priorities. However - we might still do the other 20 if they are tiny tasks - or work on them from time to time when we hit a snag in our main task. If my main #1 task takes hundreds of hours and my #20 task takes 30 minutes, I might squeeze in that #20 task. It would be silly to keep it waiting 30 weeks if it's so tiny.
If I my colleague is sick and I need them to do my main task, I'll put it on hold - cause it's more efficient to do other things which I can do solo.
There are plenty of times when I find a small issue which is unimportant at the moment, but unless they are dealt with right away they will grow in the future. So sometimes I must give up focus from my main task to not give myself debt in the future.
thanks for this bro
Thanks for sharing your gift of this video. It simplified the 5/25 Rule very nicely & gave me actionable information. Much appreciated.
i just watch your videos bcs wanna improve my enlish and your accent is quite nice, but it double pleasure bcs the content is always catching ,thanks
Dayuuuuuuuum, the music at the end made the whole video EPIC!
Youre a good in selecting music!
This is like a kind of minimalism for life: focus on what matters most to you, and put on hold or even eliminate the other things. You might find that some of the other 20 might not matter anymore when you're super-deep into the first 5. Thanks for the video!
One of the best videos I have seen on Self Improvement. Thank you very much. It will surely help us.
Wow this can be life changing for me. I seldom finish my priorities in to do list it makes me bitter and lowers self confidence. I am going to apply 5:25. Thank you
Great video! I like the examples and stories, they really help with the understanding side. Keep up the good work!👍
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This makes sense. Our are powerful and focusing is an obviously good solution, but focus is what's difficult. I believe social media, video games, movies etc, have destroyed much society because our ability to focus has been damaged and our minds are polluted with stupid fantasies induced by the media. I will apply this technique!
I live how your videos don't just beat around the bush, but always provide valuable information. 👍
Awesome video.
MORE content like this please.
Now, time to re focus & Prioritize!
How I'll approach this... over a quarter-calender period (3 months) I'll focus on the top goal then once those 3 months are gone I'll move on to the next goal on the list. Pursue that goal on my down time, try to think about every day at the very least. It is important to recognize that not all days will be huge progressions or if any however by having the notion that I should be doing 'XYZ' in my head, is a nice guideline to have. Its also healthy to acknowledge that maybe at the beginning I really wanted to do said-thing then you may discover its truly not for you or what you thought you wanted etc. So I like the idea I'm not stuck doing something I'm not inspired by anymore. We'll see how this goes.
How did it go?
Thank you for these insightful videos. In my own life, it's my RUclips channel that is the one thing that matters and this video helped me to see how that needs to impact my life.
Fantastic video! Came just in time for me!
Thank you!
Mrs. Warren, in my 2 thim i finding to relays my problems, but I have, primo my English or American to learn for myself and to be a part of my life and layter too begin to understand, thank you for speech, Giusti
Will start listing my priorities right away! Thank you!
Amir Zarif your priority should be checking out my channel🤘
First video I watched, immediately subscribed, excellent video!
this exercise was soooo much fun! so good and so helpful. i am aware now. thank you ❤
Thanks for the book recommendation.
Currently learning Russian and on my first and a half year already.
Just Subscribed.
I wish I'd seen this years ago but great stuff. Thank you!
This may be fine advice but it was never offered by Buffett. I've seen this many places, so I can understand how many believe the source is Buffett but it is not. He was asked about this a few years ago at the Berkshire meeting. "How did you come up with this idea?".... Buffett's response, I'd like to know how you came up with it because I have never heard of it till now, and I don't think I have ever made a list in my life"
Sadly the uploader wont ever correct this
@@DiscoFang I appreciate the fact that you too were skeptical of Buffet saying this, but I must strongly disagree. Even if he did say it, he would likely say it more in an encouraging context rather than a forced expectation upon every human being.
He too should know that we have free will, and there are other successful people who believe similarly to the quote as well.
Besides, the only thing wrong here is not "forcing" people to chase goals, but discouraging them. I believe everyone must have a great dream or at least a vision they want for their life.
Why is it wrong to encourage people to seek goals? How can it even be condescending?
Those who are merely "content", staying in the same place in their life never taking a risk or change do not live. For they are dead. To live life content and safe from what you cannot foresee, like a life without end, can no longer be called life. It is merely an accumulation of experiences. Men who think this way truly are dead.
Funny, the whole setup/story from the start also surprised me to come from Warren Buffet. He is not like this at all from my studies. He is smart but not a wise teacher like Confutze. It could have been a person like Confutze that had said that.
"The Third Door" is a book that includes a story about this - the author gets the advice in this video thinking it came from Buffett. When he asked Buffett about it, Buffett had no idea what he was talking about.
so if the list is false, what makes everyone in this response panel think the interaction even took place at all? We are basically watching an interaction and explanation that never happened and taking it all at face value.
Im excited to see myself after an year by working on the things you are showing in your videos im happy that im getting the answers and doing efficiently
Keep up the good work 🙂
So did it really work?
Awesomely I’ll do my list right now. Thanks
Awesome video! Definitely got me taking notes!
Awesome.
Loved your video.
Keep posting more such videos.
#instawise
That was an interesting outlook. I do things a bit differently but there are some elements that I can apply to my strategy.
Was looking for this info for years! Thanks!
Great video, thanks for the clear explanation :)
I think the 80-20 rule is fantastic to use in life. I use it with everything in my own life and I've had great results.
3 day fast
Very well done, thank you.....Subscribed!
Thank you!! Exactly what I needed to hear NOW :)
Thanks for summing up. Good reminder
beautiful and helpful video
Brilliant! Thanks for sharing!
Great information
Love your channel!
Great video, dude!!
Fantastic video!
Great video!
Great video!! Thank you 👌🏼✅
Gonna try this!
very good video, thank you!
Wonderful, thank you!
great learning!
I have been learning this in my experience
My problem is I don’t really have one thing (in terms of a hobby or a career at least) that I’m extremely enthusiastic about and would want to fully commit to. I guess I’m afraid if I pick something and start going down that path, I won’t be able to turn back. I feel like I would be completely locked into it forever. Lack of possibilities scares me.
excellent video
Great and timely advice.
Hey awesome video. Keep up the great work 👍🏽
Can you make a video explaining stock warrants and how the ratcheting effect makes you more money. I keep trying to explain it to people but I don’t have your skills of communication.
Especially interested on when to sell as it gets closer to the exercise price if trading warrants.
Thank you
Awesome. Love it!!
Very simple people, it takes discipline and dedication. It's how at age 40 I decided to play guitar and get in a band. 6 years later I'm in a bar band doing local shows. That's not possible without practicing at least 90 minutes a day for 4 plus years. I would have to double that to get where I want on guitar but I stopped for now until I'm retired. I also was into weight lifting for 17 years. All anybody does is watch TV and make excuses. Make the time, take it from wherever. Do the goal first and let the rest of your life have the leftover time.
I am creating my own 5/25 myself now. Thank you for the video!
Awsome advice please keep it up
Powerful video.
love this infomation
Thank you!
Love the video; FYI, someone in the annual meeting asked Warren about this story, he said he never heard of it, anyway doesn’t matter
Great piece
very nice, very true !! thanks !!
Thank you 🙏🏾
Amazing!
Very good video. I think most people have dreams,. They are fluffy and abstract and makes us feel good. Most aren't willing to pay the price to make those dreams to come true. It is like earning to make a living rather than living to make a life. This video helps in using time wisely by focussing on things that truly will have an impact of what we want and what we will become.
Good stuff.
This channel is going to be in the millions of subscribers in a year if he keeps up this quality of content!
it's been 9 months already
Yeah.. Will take 3 years with this pace.
Wow this is so true!
Good advice. There are so many distractions everyday. When we reviewed the whole day, we just found we achieved nothing. We need sort out priority and focus on something that is important and worthy in our life and work.
This video came, for me, literally minutes after writing a 20-item “Skills to Master by 30” list 😂🙈 (I’m 24) I read a comment on here about those of us in our 20’s who don’t yet know what we want in life, so I’d like to speak to that: I think this exercise jives quite nicely with one from Ryder Carroll’s Bullet Journal Method (mentioned more in the book than the basic journaling tutorials). He talks about getting focused on next-step action items on our interests. Having a clear starting place allows us to actually jump into learning the new skill and evaluate whether we even want to continue with it after a trial, rather than leaving it to gather dust on a daunting, vague “someday” list. So for those of us who are young and/or cannot narrow down the list, perhaps we should try the first step of some of the items on it, and then ruthlessly scratch items off from there once we have a taste. That way we can make informed decisions!
Outstanding
I'm an "I can do everything all the time " kind of person... I am going to sit down and make this list to pick out the things I should be focusing on! Maybe this is the reason Im not getting where I am trying to go
I say enjoy a few things in life, even if they are free, the sun, the weather, people you enjoy to be with. Don't stress yourself out, go with the flow of life.
and thanks louis.
good advice
As an observer of PD principles I know that there tend to be contradictory theories.
But I think personally I think this is one I need to follow. I tend to have zero follow through/commitment. so focusing on one thing is probably not a bad idea.
wise words
Good stuff
This is great. I have the tendency to wanting to have it all or do it all :(
I must in to the school to English or American to learn, is easy to for later, maybe, thank you, for the example
Thanks..
Brilliant 👍🏻
I like this a lot :)
Thanks, I really need to delete a lot of things that make me feel nervous, but I don't have time to deal with it
Louis - Thanks for sharing! Where is a resource to help apply this in a day to day DIY solution?
Also will be sharing this with my tribe on FB thanks for the Inspiring Work... Keep it up and stay Inspired - :-)
Kris @ Inspiring Alpha
thanks warren.