Billionaire Warren Buffett , chairman and CEO... - Deepstash

Billionaire Warren Buffett , chairman and CEO of Berkshire Hathaway , learned a long time ago that the greatest commodity of all is time. That's why he is religiously protective of his own time by setting strict boundaries for himself.

This leads to a "Buffett-ism " that has garnered a lot of debate over the years since he said it. It's a quote about the difference between successful people and really successful people.

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MORE IDEAS FROM Warren Buffett Says What Separates Successful People from Everyone Else Really Comes Down to a 2-Letter Word

  1. Say no to opportunities and things that don't speak to your values, or further your personal or organizational mission
  2. Say no to superficial networking. Really successful people don't network. They build relationships.
  3. Say no to overworking by doing all the work yourself. Delegate instead and trust in others' abilities and skills to get the job done.
  4. Say no to neglecting your deepest wishes and desires for what your want to accomplish in life. Stop accommodating and yielding to others' wishes and desires. It's your life, take control of it, and live your calling.

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“The difference between successful people and really successful people is that really successful people say no to almost everything.”

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That's a tall order. Most ambitious people are driven for results and doing more, not less. If you're an entrepreneur, for example, you are relentless in your pursuit of capitalizing on every opportunity presented to you if it means growing your business and income.

That means saying a lot more "yesses" than "no's."

But is it sustainable?

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As we near the end of the year, this is typically the time people start thinking about what goals to set for the new year. Here’s one suggestion to add to your list based on Buffett's advice:

Learn to manage yourself .

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Why manage ourselves and not time?

Because we can't manage time. There's no such thing. We all wake up in the morning with the same exact number of hours, minutes, and seconds in a day. We can't control time. As it ticks away, it's gone -- in the past, never to be reclaimed again.

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But here's what we can do, and is very much within our control: choose how to use that time by managing ourselves wisely.

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RELATED IDEA

During Jeff Bezos's tenure as CEO of Amazon, what was the number one quality he looked for when hiring people? Hard work and past accomplishments certainly mattered. But when the then-Amazon boss spoke at Basecamp he stressed another quality as most important: intellectual humility .

Bezos has "observed that the smartest people are constantly revising their understanding, reconsidering a problem they thought they'd already solved. They're open to new points of view, new information, new ideas, contradictions, and challenges to their own way of thinking”.

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Both EQ and IQ are important for success. This skill underpins both, research shows.

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"What ties did you break this week?"

What this means is you can't convince every single person so in order to achieve the goal you need to achieve to convince the target people instead of trying to convince every single person.

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Emotional intelligence on the job

Emotional intelligence has become an important predictor of job success, surpassing technical ability. In 2011, a CareerBuilder survey of more than 2,600 U.S. hiring managers and human resources professionals revealed that 71 percent valued emotional intelligence in an employee over a high IQ.

To build your own superpower culture of emotional intelligence, you need to know what to shoot for when assessing the social skills of your current and future employees. 

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