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Listen "How wealthy are you?"
Episode Synopsis
For reasons still to be understood, the wrist-watch industry refuses to
die. In fact, the business is doing more than ticking over. Movement, be it
mechanical or quartz, continues to be youthfully energetic. The global
watch grew by nearly 20% in 2010, and is expected to be reach $45bn in
value by 2017. Exports of Swiss watches reached $21bn in the first 11
months of 2012 (source:WSJ) But despite the increasing ability to pay for
more expensive watches, the ability to decide what we do with our time is
decreasing. More money in the absence of discretion over how we use our
time is, in fact, value destruction. How can we address this?
die. In fact, the business is doing more than ticking over. Movement, be it
mechanical or quartz, continues to be youthfully energetic. The global
watch grew by nearly 20% in 2010, and is expected to be reach $45bn in
value by 2017. Exports of Swiss watches reached $21bn in the first 11
months of 2012 (source:WSJ) But despite the increasing ability to pay for
more expensive watches, the ability to decide what we do with our time is
decreasing. More money in the absence of discretion over how we use our
time is, in fact, value destruction. How can we address this?
In God we trust