Circle your top 5 without negotiating
From 25, choose exactly 5 — the ones you’d feel worst about not doing.
Why it works
Forcing a hard 5-item cap triggers loss aversion in a useful direction: when every item costs another, you select for genuine priority rather than importance-by-default. The constraint makes the trade-off real rather than hypothetical, which is how real prioritization differs from ranking.
How to do it
- Read through your 25 items without marking anything for at least 60 seconds.
- Circle exactly 5 — the ones that, if you never pursued them, would genuinely haunt you.
- If you’re tempted to circle 7, you haven’t made the hard choice; go back and cut.
- Write the 5 onto a separate page or card — your Focus List.
Evidence
Decision science finds that artificial scarcity forces genuine trade-off reasoning. Requiring a hard cap eliminates the "everything is important" fallacy that most priority exercises permit. This is mechanistically sound, though the specific number "5" is a heuristic. (mechanistic)
The 25/5 split is a story attributed to Buffett without verified documentation. The mechanism is sound regardless of origin; treat it as a forcing device, not sacred math.
Common mistake
Circling 7 or 8 "because they’re all really important" — this defeats the exercise entirely and leaves the compelling-distraction problem intact.
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.
- 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.
- Run a quarterly focus review to refresh the lists
Revisit and rebuild both lists every quarter — priorities shift, and so should the lists.
- 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