You Are a Time Billionaire!

Anthony Pompliano shares an important idea from a past Tim Ferris podcast with Graham Duncan, the co-founder of East Rock Capital.

"It perfectly breaks down the difference between a time billionaire and a dollar billionaire. One has financial resources and the other has life resources. Our society overvalues the former, but undervalues the latter."

Here is an excerpt of that conversation:

Graham Duncan: A million seconds is 11 days. A billion seconds is slightly over 31 years. And I was thinking about - Tyler Cowen has a thing about cultural billionaires.

Tim Ferriss: Marginal Revolution?

Graham Duncan: Yeah. In one of his books, he talks about cultural billionaires. I feel like in our culture, we're so obsessed, as a culture, with money. And we deify dollar billionaires in a way that - it'd be nice to co-opt that term the way Tyler Cowen did with cultural billionaires. And I was thinking of time billionaires that when I see, sometimes, 20-year-olds - the thought I had was they probably have two billion seconds left. But they aren't relating to themselves as time billionaires.

And I was thinking about how if you could - what would Rupert Murdoch, who's worth $20 billion - he's 87 years old. What would he pay if he could take the next five years of someone's 20-year-old healthy body, mind, etc.? And for that 20-year-old, how would they price it?