Run a quarterly focus review to refresh the lists
Revisit and rebuild both lists every quarter — priorities shift, and so should the lists.
Why it works
Fixed lists create commitment consistency, which is useful in the short run but becomes maladaptive when context changes. A scheduled review provides a pre-committed, low-friction moment to update the system without constantly second-guessing it in between — preserving the stability that makes focus possible while preventing the lists from becoming a cage.
How to do it
- Block 90 minutes at the end of each quarter, non-negotiable.
- Start fresh: write a new 25-item list rather than editing the old one.
- Re-select your top 5 from the new list — carry-overs are fine, but they must re-earn their place.
- Archive the old lists; patterns across quarters reveal your actual priorities better than any single list.
Evidence
Commitment and consistency research suggests that regular, scheduled reviews reduce sunk-cost entrenchment by providing a normative moment to change course. Building the review into the system reduces the psychological cost of updating it. (mechanistic)
The quarterly cadence is a reasonable heuristic; contexts with faster-changing priorities (early-stage startups, life transitions) may need monthly reviews.
Common mistake
Doing the review only when something feels wrong — which introduces a crisis-driven bias and means the list only updates under pressure, not under calm reflection.
Practice this with IX Coach
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More practices for Warren Buffett’s Two-List Strategy
- Write all 25 goals without editing
Brain-dump every goal, aspiration, and project you’re holding — professional and personal — uncensored.
- Circle your top 5 without negotiating
From 25, choose exactly 5 — the ones you’d feel worst about not doing.
- Treat items 6–25 as active avoidances, not a later list
Everything not in your top 5 must be actively avoided — it is your "do-not-do" list.
- Name one most-important task each morning
Each day, identify the single item from your Focus List that most needs to move forward today.
- Keep your Focus List physically visible
Post your top 5 somewhere unavoidable so every new request gets evaluated against them.
- Separate urgent from important with a dedicated triage window
Give urgent-but-not-important items a contained window so they stop hijacking your Focus List time.
Related concepts
- Essentialism, Made Practical
Less but better — the disciplined pursuit of less, trade-offs, and the mechanisms
- The Eisenhower Matrix, Made Practical
The four quadrants, delegation, elimination, and the mechanism behind each move
- The ONE Thing, Made Practical
The Focusing Question, time blocking, and the domino effect — with the evidence