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Warren Buffett’s Advice on How to Focus on Priorities and Subdue Distractions

December 8, 2017 By Nagesh Belludi Leave a Comment

If you persistently experience an overpowering sense of being besieged with tasks and responsibilities, perhaps a personal productivity transformation technique suggested by Warren Buffett may help.

Psychologist Angela Duckworth of the University of Pennsylvania shares a well-known anecdote about Buffett in her bestselling Grit: The Power of Passion and Perseverance:

The story goes like this: Buffett turns to his faithful pilot and says that he must have dreams greater than flying Buffett around to where he needs to go. The pilot confesses that, yes, he does. And then Buffett takes him through three steps.

First, you write down a list of twenty-five career goals.

Second, you do some soul-searching and circle the five highest-priority goals. Just five.

Third, you take a good hard look at the twenty goals you didn’t circle. These you avoid at all costs. They’re what distract you; they eat away time and energy, taking your eye from the goals that matter more.

As I’ve written before (see the world’s shortest course in time management, and detailed three-step course on time logging, time analysis, time budgeting,) the most effective time management practice involves eliminating the non-essentials—those numerous things you can and want to do—and focusing on the very few things you must do.

Idea for Impact: Success comes at a cost: the most time-effective folks I know are significantly better at dropping their second-rate objectives.

Wondering what to read next?

  1. Zeigarnik Effect: How Incomplete Tasks Trigger Stress [Mental Models]
  2. Everything Takes Longer Than Anticipated: Hofstadter’s Law [Mental Models]
  3. Let Go of Sunk Costs
  4. Everything in Life Has an Opportunity Cost
  5. Ask This One Question Every Morning to Find Your Focus

Filed Under: Living the Good Life, Sharpening Your Skills Tagged With: Balance, Biases, Decision-Making, Discipline, Procrastination, Targets, Task Management, Thought Process, Time Management

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About: Nagesh Belludi [hire] is a St. Petersburg, Florida-based freethinker, investor, and leadership coach. He specializes in helping executives and companies ensure that the overall quality of their decision-making benefits isn’t compromised by a lack of a big-picture understanding.

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