Back in 1991, Warren Buffett met Bill Gates, although, as he tells career community website Levo League, neither of them were excited to see one another. But it turned out they had a great time talking — and during the course of the conversation, Buffett pulled out the little black date book that he carries in his pocket. He flipped through it: the pages were practically empty.
Picture: MR. LIGHTMAN/Shutterstock
“You’ve gotta keep control of your time,” Buffett says, “and you can’t unless you say no. You can’t let people set your agenda in life.”
To Be Creative, You Need to Say “No”
Buffett, now 82, admits that it doesn’t get easier as you get older. But even if you’re not inclined to decline — like when your friend asks you to attend something — you need to develop the ability to say no. He’s far from alone: As Kevin Ashton wrote in a recent essay for Medium, being stingy with your time is part of leading a creative, productive life.
Ashton, who coined the phrase “Internet of Things”, observes a common thread between ur-manager Peter Drucker, novelist Charles Dickens, and photographer Richard Avedon: All of them guarded their time. Why? For in order to do your work, Ashton observed, you must have time:
“Wipe away the magic and myth of creating and all that remains is work … No matter what you read, no matter what they claim, nearly all creators spend nearly all their time on the work of creation. There are few overnight successes and many up-all-night successes.”
This is why if we want to do the work that we want to do, we need to own our time — how else can we spend it productively? As Reddit CEO Yishan Wong explained in an epic, lesson-filled Quora thread, time is limited in three ways:
- Time is highly limited: As humans, we’re immature in our first decades, and declining in health in our last.
- Time is uniquely limited: You can’t bank, transfer, or recover time, unlike money.
- Time is equitably limited: Americans can, on average, expect to live about 77 years. That expectation isn’t equal with resources like money.
The good Mr Buffett talks about how Berkshire Hathaway is his canvas, one that he’s happy to paint every day. But if you are to paint your canvas — if you are to do meaningful work — you will need time. In this way, Ashton observes, managing time is the key to cultivating your creativity:
“Saying ‘no’ has more creative power than ideas, insights and talent combined. No guards time, the thread from which we weave our creations. The maths of time is simple: you have less than you think and need more than you know.”
Why Productive People Have Empty Schedules [Fast Company]
Once a backpacker, Drake Baer is now a journalist. Longs for Kyoto, lives in Brooklyn, writes about business for Fast Company and other stuff for other places. Pitch him at first initial last name at fast company dot com.