Improve Every Day

24 - The 5/25 Rule - How Warren Buffett Sets His Goals


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Warren Buffett, is without a doubt, one of the most successful investors of all time. As of right now, his net worth is over 80 billion dollars, making him one of the wealthiest people in the world.


Although he is best known for his financial advice, Buffett himself has identified his focus and productivity as one of the major keys to his success.


Let's take a look at a story between him and his pilot.


The pilot felt limited both financially and personally, so he wanted to know his boss's secret to success. Here's the advice Buffett gave him:


He hold him to make a list of 25 goals he wanted to achieve.

Then, Buffett asked the pilot to review the list and circle his top 5 goals, the things he wanted the most.

At this point, the pilot had two lists.

Buffett now asked him what he planned to do with things on the two lists. The pilot said, that he would concentrate on his top 5 goals and work on the other 20 as he would see fit.

But Buffett replied:

“No. You’ve got it all wrong. Everything you didn’t circle just became your ‘avoid at all cost list’. Forget about those goals, until you have succeeded with your top 5.”


#warren #buffett #goals

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Improve Every DayBy Mark Suffom

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