Prioritizing Desires

In this section, the interviewer asks Warren Buffet about his method of prioritizing desires.

Writing Down 25 Things to Achieve

• The interviewer mentions that Warren Buffet writes down 25 things he wants to achieve and chooses the top five.

• Warren Buffet responds by saying that he has never made a list in his life but appreciates the idea.

Operating Methods

• Charlie Munger talks about how modern psychological evidence suggests not making important decisions when tired and consuming caffeine and sugar when making important decisions.

• Both Warren Buffet and Charlie Munger live on autopilot for ordinary decisions of life, so they don't waste any decision-making energy on that stuff. They ingest caffeine and sugar, which turns out to be an ideal way to sit where Warren sits.

• Charlie Munger says that Warren Buffet's style turns out to be absolutely ideal for human cognition.