Have you heard of Warren Buffett’s ‘two list system?’ It’s what the billionaire finance mogul swears by, and what has moulded him into a productivity machine over the years.
Buffett serves as the chairman and CEO of Berkshire Hathaway. As an investor, business leader, and philanthropist, he is considered by some to be one of the most prominent icons of success. With a total net worth of $81.1 billion, Buffett is the second wealthiest person in the United States, and the fourth wealthiest in the world.
So what’s the secret to his success? Simply put, it’s the process of elimination.
Buffett’s famous ‘two list system’ is credited as the main reason for his success, helping him prioritise and attack his to-do list.
He starts by writing down the 25 tasks that he wants to get done in a day. Next, he spends some time going through it and circles the five most important goals or tasks on the list. Now here’s the twist. Buffett then forgets about the 20 tasks that he didn’t circle, focussing only on the five tasks at hand. He reportedly doesn’t even look at the 20 other tasks until he gets through the priority five.
Instead of trying to figure out how to do more, Buffett says the key to mastering productivity lies in figuring out how to do less so that you can have greater focus and attention to detail for every task on your list.
Ultimately, it comes down to one of the most popular Buffett quote: “The rich invest in time; the poor invest in money.” Self-made billionaires like Buffett inherently value their time over money. They are acutely aware of how they spend each minute and they know how to prevent any wastage. If you always feel that your days simply too short to do all the things that you want to do, it may be time to give the ‘two list system’ a try.