Bigs Quote by Ben Horowitz
“Volatility and length, that's the value on an option. 10 years on a startup stock, that's a big valuable thing.”
About This Quote
Source Book: The Hard Thing About Hard Things, 2014
Option value depends on volatility and time; long‑term startup stocks can be highly valuable.
In simple terms: Long‑term options gain value from volatility and time.
Key Takeaway
Consider time and volatility when valuing options.
Themes
finance
investment
risk
valuation
Mood
analytical
cautious
Type
financial
strategic
When to use this quote
- startup investing
- portfolio planning
- risk assessment
- financial modeling
Key Concepts
options
volatility
time value
Questions to Reflect On
- How does volatility affect your investment horizon?
- What risks do you accept for high‑potential returns?
A Different Perspective
Long‑term volatility can be unpredictable and may not guarantee returns.
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