Warren Buffett’s 2-list strategy - Deepstash
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Warren Buffett’s 2-list strategy

Warren Buffett’s 2-list strategy

Cut out “good enough” goals with Warren Buffett’s 2-list strategy.

  1. Write down your top 25 goals: life goals, career goals, education goals, or anything else you want to spend your time on.
  2. Circle your top 5 goals on that list.
  3. Finally, any goal you didn’t circle goes on an “avoid at all cost” list. These are the tasks that are seemingly important enough to deserve your attention. But that aren’t moving you towards your long-term priorities.

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Learning how to prioritize...

...means getting more out of the limited time you have each day. It’s one of the cornerstones of productivity and once you know how to properly prioritize, it can help with everything from your time management to work life balance.

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Eisenhower Matrix

The matrix is a simple four-quadrant box that answers that helps you separate “urgent” tasks from “important” ones:

  • Urgent and Important: Do these tasks as soon as possible
  • Important, but not urgent: Decide when you’ll do these and schedule it
  • Ur...

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Master lists

Master lists

Capture everything on a Master List and then break it down by monthly, weekly, and daily goals.

  1. Start by making a master list—a document, app, or piece of paper where every current and future task will be stored. 
  2. Once you have all your tasks together, break th...

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20.5K reads

The sunk cost fallacy

The sunk cost fallacy

Humans are especially susceptible to the “sunk cost fallacy”—a psychological effect where we feel compelled to continue doing something just because we’ve already put time and effort into it.

But the reality is that no matter what you spend your time doing, you can never get that time ba...

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The ABCDE method

The ABCDE method

Instead of keeping all tasks on a single level of priority, this method offers two or more levels for each task:

  • Go through your list and give every task a letter from A to E (A being the highest priority)
  • For every task that has an A, give it a numb...

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The Ivy Lee Method

The Ivy Lee Method

Rank your work by its true priority with the Ivy Lee Method:

  1. At the end of each work day, write down the 6 most important things you need to accomplish tomorrow. 
  2. Prioritize those 6 items  n order of their true importance.
  3. When you arrive tomorrow, ...

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Set the tone of the day by “Eating the frog”

Once you’ve prioritized your most important work, it’s time to actually choose how to attack the day.

How you start the day sets the tone for the rest of it. And often, getting a large, hairy, yet important task out of the way first thing gives you momentum, inspiration, and energy to keep ...

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"Nine-tenths of wisdom is being wise in time." ~ Theodore Roosevelt

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Eliminate non-priority tasks

Warren Buffett's "2 List" Strategy focuses on getting rid of the tasks holding you back from your real priorities.

  • Write down 25 things you want to accomplish.
  • Select your top 5 priorities from this list.
  • Cross out the remainin...

Set Priorities

Set Priorities

List your top priorities and ensure that your goals, actions and decisions reflect them. Then, create an action plan to meet those set goals and divide your time to focus on each item on that list.

Your list of priorities is likely to change over time, just be sure to regul...

How to Make Your Don't Do List

  • Reevaluate your to-do list: Identify the goals and determine how the items in your list impact your aims.
  • Create your not to-do list: Cut those unimportant tasks in your to-do list and paste it on your no to-do list. By doing this, you must accept that your time i...

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