Courses: Thought Leader School
    Access Your Course

    Search

    Home

    Encyclopedia

    Mini Course

    Quick Guide

    80/20 Rule

    Profile

    Logout

    Warren Buffett’s Two-List System

    Image Credit:

    Overview

    "Once the Top 5 planning session was over, Warren then asked “but what about these other 20 things on your list that you didn’t circle? What is your plan for completing those?” Steve replied confidently “Well the top five are my primary focus but the other twenty come in at a close second. They are still important so I’ll work on those intermittently as I see fit as I’m getting through my top 5. They are not as urgent but I still plan to give them dedicated effort.” To Steve’s surprise, Warren responded sternly, “No. You’ve got it wrong Steve. Everything you didn’t circle just became your ‘avoid at all cost list’. No matter what, these things get no attention from you until you’ve succeeded with your top 5.”"Once the Top 5 planning session was over, Warren then asked “but what about these other 20 things on your list that you didn’t circle? What is your plan for completing those?” Steve replied confidently “Well the top five are my primary focus but the other twenty come in at a close second. They are still important so I’ll work on those intermittently as I see fit as I’m getting through my top 5. They are not as urgent but I still plan to give them dedicated effort.” To Steve’s surprise, Warren responded sternly, “No. You’ve got it wrong Steve. Everything you didn’t circle just became your ‘avoid at all cost list’. No matter what, these things get no attention from you until you’ve succeeded with your top 5.”

    Read More

    16 Mental Models for Founders and Leaders

    Think of mental models as the operating systems (OS) that run in the background of your brain. They're always running - and you've put them together, either consciously or subconsciously, from your experiences and information. Mental models give you a perspective or a frame of mind with which to view the world.

    medium.com

    16 Mental Models for Founders and Leaders