Assets Quote by Ben Horowitz
“When the value of the company clearly has fallen below what its assets are worth, having a shareholder who says, 'Let's get a better board' can be helpful.”
About This Quote
When a company's market price drops below its intrinsic asset value, a proactive shareholder can push for a stronger board to unlock value.
In simple terms: Shareholders can improve governance when a firm is undervalued.
Key Takeaway
Active investors can catalyze board changes to protect value.
Themes
Corporate Governance
Shareholder Activism
Valuation
Board Effectiveness
Mood
Strategic
Cautious
Type
Business Insight
Leadership Advice
When to use this quote
- A struggling retailer facing a takeover bid
- A tech startup with dormant patents
- A family‑owned firm considering public listing
Key Concepts
Agency Theory
Market Inefficiency
Practical Applications
- Engage activist investors to audit board performance
- Use shareholder proposals to trigger board refresh
Questions to Reflect On
- When should shareholders intervene in board composition?
- What safeguards prevent activist overreach?
![“[When I die], I will decidedly not be regretting missed opportunities for a good time. My regrets will be more along the lines of a sad list of people hurt, people let down, assets wasted and advantages squandered.” quote by Anthony Bourdain](https://sms4smile.com/quotes/img-quotes/ba3/anthony-bourdain-649_advantage_when-i-die-i-will-decidedly-not-be-regre_24502.jpg)
