Just In Time?

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?

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2 thoughts on “Just In Time?

  1. AvatarBen Guthrie

    Good stuff, this. “True, objective valuation” speaks to unchanging, even unchangeable metrics, and an unbiased and universally relevant perspective. If we had those resources by which to evaluate companies, the market would know. There is One who has them, even defines them, and his perspective matters.

  2. AvatarNoah Graff

    To everyone who pointed out that the email blast said that the miners are “700 miles” under the surface–Lloyd is not to blame for this gaff. I take responsibility as the editor of the blog and email blasts. Prior to sending the email blast out, Lloyd did not have a chance to check my corrections, I needed to send it out so our loyal audience could read it by lunch, and that’s how accidents happen. 🙂 But at least it’s good to see that everyone is paying attention.


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