I have often heard it said that time is money. And some folks charge plenty of money for their time. Let us examine a purely hypothetical case in which a hypothetical attorney participates on a hypothetical chat board about some hypothetical stock.
Let us say, for example, that on some hypothetical day, 69 posts were placed on that board by all participants. Let us further say that this hypothetical attorney placed 14 posts on that board within a 24 hour period. Let us further say that this attorney, who is generous with time, and is public spirited functioned as the Moderator for that board, and in reviewing all of the posts, found it necessary to remove 4. of them.
Now that we have the basic assumptions for this purely hypothetical scenario, we can begin to perform some numerology.
If we assume it takes 1 minute per post to recognize a new one has been placed, open it, read it, and arrive at a delete/no delete decision, then this hypothetical attorney now has 69 minutes of time invested in the discussion board.
If we assume it takes 2 minutes to draft and then place response posts (on average), then on this hypothetical day, this hypothetical attorney will have invested another 28 minutes of time into the message board.
The 4 deletions can be done quickly, probably requiring no more than 1 minute each to accomplish.
So, here we have this hypothetical attorney spending a hypothetical 101 minutes per day on this message board. This can be restated as 1.7 hours of time spent by this professional. Per day. Let us be reasonable and downscale the number to allow for slower days, and we can postulate an average of 1.5 hours per day spent on the task. This is time which could be spent as billable hours instead of recreational time wasted on an internet message board.
So, to ascertain the value of this wasted time, we can consult the Laffey Matrix, and, assuming this hypothetical attorney has more than 20 years experience, we can postulate a billing rate of $400 to $450 per hour. Thus, on the postulated average day, this hypothetical attorney is spending about $700 worth of time on the project.
Even if we assume only 5 days per week involvement in such activities, this would amount to $3500 per week of wasted billable time. That would total up to about $175,000 per year of wasted billable time.
So, should such a hypothesized situation ever occer, either this attorney has extremely lenient management, to allow for the lost opportunity cost of $175,000 per year, or perhaps is answerable to no one else, suggesting a single attorney practice. Again, what attorney in a single practice could afford to waste the $175,000 represented by this time spent.
Now, if we further postulate the existence of other discussion boards which must also be monitored multiple times per day, we are most probably exceeding $200,000 per year of wasted time.
But, this was all hypothetical. Such things could never happen in the real world, could they?
Let us say, for example, that on some hypothetical day, 69 posts were placed on that board by all participants. Let us further say that this hypothetical attorney placed 14 posts on that board within a 24 hour period. Let us further say that this attorney, who is generous with time, and is public spirited functioned as the Moderator for that board, and in reviewing all of the posts, found it necessary to remove 4. of them.
Now that we have the basic assumptions for this purely hypothetical scenario, we can begin to perform some numerology.
If we assume it takes 1 minute per post to recognize a new one has been placed, open it, read it, and arrive at a delete/no delete decision, then this hypothetical attorney now has 69 minutes of time invested in the discussion board.
If we assume it takes 2 minutes to draft and then place response posts (on average), then on this hypothetical day, this hypothetical attorney will have invested another 28 minutes of time into the message board.
The 4 deletions can be done quickly, probably requiring no more than 1 minute each to accomplish.
So, here we have this hypothetical attorney spending a hypothetical 101 minutes per day on this message board. This can be restated as 1.7 hours of time spent by this professional. Per day. Let us be reasonable and downscale the number to allow for slower days, and we can postulate an average of 1.5 hours per day spent on the task. This is time which could be spent as billable hours instead of recreational time wasted on an internet message board.
So, to ascertain the value of this wasted time, we can consult the Laffey Matrix, and, assuming this hypothetical attorney has more than 20 years experience, we can postulate a billing rate of $400 to $450 per hour. Thus, on the postulated average day, this hypothetical attorney is spending about $700 worth of time on the project.
Even if we assume only 5 days per week involvement in such activities, this would amount to $3500 per week of wasted billable time. That would total up to about $175,000 per year of wasted billable time.
So, should such a hypothesized situation ever occer, either this attorney has extremely lenient management, to allow for the lost opportunity cost of $175,000 per year, or perhaps is answerable to no one else, suggesting a single attorney practice. Again, what attorney in a single practice could afford to waste the $175,000 represented by this time spent.
Now, if we further postulate the existence of other discussion boards which must also be monitored multiple times per day, we are most probably exceeding $200,000 per year of wasted time.
But, this was all hypothetical. Such things could never happen in the real world, could they?
Telvue Corp (TEVE) Stock Research Links
Holding TelVue shares has made it the billion dollar bomb shell it is.
There is no limit to the loss of someone has been caught in a short squeeze.
There is no limit to the loss of someone has been caught in a short squeeze.
