somehow we live as if time knew no bounds, when in fact time is much more limited than money. Wealth can be created, but no one has the ability to grow more time. As Peter Drucker observes, “The supply of time is totally inelastic. No matter how high the demand, the supply will not go up. There is no price for it and no marginal utility curve for it. Moreover, time is totally perishable and cannot be stored. Yesterday’s time is gone forever and will never come back. Time is, therefore, always in exceedingly short supply.”1 Time may be our scarcest and most precious resource. And we will begin
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