Of some things we feel that we are certain: we know, and we know that we do know. There is something that gives a click inside of us, a bell that strikes twelve, when the hands of our mental clock have swept the dial and meet over the meridian hour.
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In 1867, Czar Alexander II of Russia sold off 586,412 square miles of his country to the United States for the fire-sale price of 1.9 cents per acre, or a total of $7.2 million – about $109 million in today’s money. Convinced that he had disposed of a glorified ice cube, the czar thought he had gotten the better end of the bargain, and many in the U.S. agreed. The journalist Horace Greeley disparaged the deal as an “inconvenient” purchase that offered the buyer “nothing of value but furbearing animals.” Today that inconvenient purchase, better known as Alaska, is worth an estimated $100 billion in oil and gold. In 2008, Forbes magazine described Alexander’s decision to sell Alaska as one of the ten worst business mistakes of the last 400 years.