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Warren Buffett: “Really Successful People Say No To Almost Everything”

TedTed
in Fund Discussions
FYI: When I tell people that Warren Buffett follows the 5-Hour Rule and spends 80% of his time reading and thinking, they have an immediate and predictable reaction: “Well, he can do that because he’s Warren Buffett, one of the richest people in the world. I could never do that.”

While this response may help people feel better about themselves, it certainly won’t make them smarter.

Because the reality is: Buffett has spent most of his time reading and thinking since he was in grade school. Having more money or managing a large company doesn’t magically give you free time.

Having free time is never the default. People don’t just fall into huge blocks of free time unless they retire. Rather, free time is the result of strategy. It’s the result of looking at time differently.
Regards,
Ted
https://medium.com/accelerated-intelligence/warren-buffett-really-successful-people-say-no-to-almost-everything-ab78832ffebc

Comments

  • MarkMark
    Good article. I couldn't help but notice that fully 2/3rds of his employees are women. However, this now begs the curious question, how come he doesn't have a woman managing some of Berkshire's money.
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