As the world watches the Chilean miners emerge from a tomb 700 meters beneath the surface, in which they’ve been trapped since August 5, I reflect on the concept of time.
I remember reading a book by Deepak Chopra in which he talked about time as a figment of our minds. Chopra referred to a mining accident similar to the Chilean one. He wrote that the miners who ignored days and hours survived, but the one miner who had a watch and kept track of days was the one man who died underground. Chopra describes time as a “construct” of the mind.
If time is a concept and not an objective reality, what about “success” and “failure”? What about the financial scoreboard of accountants and bankers? The stock market goes up and down each day, supposedly reflecting how masses of people evaluate thousands of companies, but the numbers constantly shift.
Tomorrow, when you wake up at precisely 7:00 a.m. and leave work at 5:00 p.m. on the button and you think you have a semblance of order in your life, think about the Chilean miners. Will time ever mean what it used to for them?
Question: Is there ever true, objective valuation in a constantly changing company?