We all know who Bernard Madoff is by now and why he is famous. I was reading an article describing an upcoming government auction being held to dispose of articles once owned by the Ponzi king. The government expects to raise at least $500,000 which would go to the victims of his investment schemes. Not much, considering the magnitude of the debt, but at least something.
Many items of jewelry will be in the auction, but what caught my eye were the watches. About 40 watches will be included, some some valued at $75,000 or more. I know watches can be expensive but who needs 40 of them? In fact, why would anyone pay that kind of money for a timepiece. I guess the value is in the collectability, but still seems like a waste of resources to me.
I bought a "nice" watch
about ten years ago and I've worn it everyday since then. But recently it began acting up and the estimate to clean and repair the worn parts will run about $300. That seems like a lot and one could buy a new watch for less than that. Not a "nice" watch, but an efficient one.
But then it came to me, do I need a watch at all". I have worn a watch forever, but the time is available everywhere today. The time is in my car, on my computer, all over my house and office, and on my cell phone/PDA. If I want to know what time it is, no problem just look around. So, I've decided to put the watch in the drawer saving the repair costs, and forgo wearing a watch at all. I know I'll feel naked at first but I'll get used to it, and I'll always be on time just like before.
What do you think of my plan, do you still wear a watch everyday and if so, could you do without one?
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