Check this out: Time and time related measurements are on top of the top 25 most used Nouns in the English language.
1) time
3) year
5) day
17) week
With the changes in technology, marketplaces, and the rapid globalization that is taking place, we have the conditions for the ultimate case of arbitrage.
arbitrage
Pronunciation: ‘är-b&-”träzh
Function: noun
1: the nearly simultaneous purchase and sale of securities or foreign exchange in different markets in order to profit from price discrepancies
According to wikipedia, arbitrage becomes possible when one of three (3) conditions are met:
1) The same asset does not trade at the same price on all markets (”the law of one price“).
2) Two assets with identical cash flows do not trade at the same price.
3) An asset with a known price in the future does not today trade at its future price discounted at the risk-free interest rate (or, the asset does not have negligible costs of storage; as such, for
example, this condition holds for grain but not for securities).
Now.. I can’t imagine that I’m on to something that has never been thought about before, but it seems strange to me to think about it. My greatest asset is my time. For my time, I am offered compensation in the form of a salary. With that salary, I then buy products that allow me to better utilize my time in other ways.
If I were in Silicon Valley or New York, my time would cost an employer more than it does here in Austin, TX. When I need to hire a team to complete a project, I can look to India or Russia, or other off-shoring environments to hire labor at a price that is significantly cheaper than here in Austin. These are great examples of meeting the first condition.
Time, time, time… see what’s become of me.
When I am able to get you to donate your time to my cause, and the value you perceive makes that worthwhile, then we’ve truly done something magnificent together.
