Warren Buffett once proposed what has since become known as the 5/25 rule. This rule is an exercise used to help people focus on their most valued aims in life and ignore those ambitions or goals they do not need to prioritize.
Put simply, the strategy involves writing down a list of your top 25 goals and circling the five you care about the most - the goals that are the most important to meeting your long-term ambitions.
Q3 2022 hedge fund letters, conferences and more
Then, Buffett advised crossing off the other 20 goals and forgetting about them.
This...
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