A 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.
Related Quotes
I'm about 5' 10", and my hair is the length of my whole body now. We grow our hair because of faith, but it's getting heavy. Most of the rastas I know with hair my length are elders, and they keep it tied up, but for a young person who's active and running around, the weight is a big thing. So to play sports, I put it in a backpack.
I've been very fortunate to be at the startup of a lot of different things. I was the startup of the Pancrase organization in Japan. Became a big figure over there. Then I was in the UFC and was at the startup of that, and I was a big figure in that. Twice. Not only in the beginning but also when it was taken over.
If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.
You can put a person in jail for 5 years, for 10 years, or 20 years, for the same crime. We're deciding on 10 years to 20 years, when 5 years would be enough. Okay. The deterrent value, the additional amount of leverage that you get over a criminal to keep them from breaking the law in the first place, associated with making the sentences longer, is de minimous; it's essentially nothing.
Unfortunately, our stock is somehow not well understood by the markets. The market compares us with generic companies. We need to look at Biocon as a bellwether stock. A stock that is differentiated, a stock that is focused on R&D, and a very, very strong balance sheet with huge value drivers at the end of it.
Unfortunately our stock is somehow not well understood by the markets. The market compares us with generic companies. We need to look at Biocon as a bellwether stock. A stock that is differentiated, a stock that is focused on R&D, and a very-very strong balance sheet with huge value drivers at the end of it.
I think there are beautiful moments. These days everybody expects that fairy tale , that you're going to be together forever with somebody and I don't really subscribe to that. I'd love that to happen if that happened, but 10 years is enough. 10 years is a good thing with somebody, I think. It's a nice thing. A lot of good love can happen in 10 years.
Alan White and I spent the next two or three years working together on this. We developed what is known a stochastic volatility model. This is a model where the volatility as well as the underlying asset price moves around in an unpredictable way.
Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not with low volatility.
Basically, what I do is place a stop, generally 10 to 20 percent below the current price, whenever I buy a stock. The exact level depends on my own analysis of a stock's trading pattern. If a stock violates this stop, I'm out.
Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned.
Economic theory dictates that the value of a company is basically the present value of its future profits. To estimate Facebook's value through its future profits, we need to have a view on its user growth and how this will evolve in the next 10 to 50 years.
I'm really interested in working with groups. It's a very simple thing for me, and if I'm given the option to work with two people or 10 or 20 people, I'm going to take 10 or 20. I just think there's so much more I can do with that.
Before broadcasting for 50-some years, I did TV, played 10 years in the big leagues, won a world championship - and played a big part in that, too, letting the Cardinals inject me with hepatitis. Takes a big man to do that.
It never occurred to me that I was a leading man until I was 19 years old. I had been acting since I was 10, so that's nine years and 30 or 40 plays, in school and summer stock, professional theater, too.
Volatility is a symptom that people have no idea of the underlying value.
Related Authors
Bill Gates Quotes
American
Businessman
Charlie Munger Quotes
American
Businessman
Dieter F. Uchtdorf Quotes
German
Businessman
Henry Ford Quotes
American
Businessman
Jim Rohn Quotes
American
Businessman
Joseph B. Wirthlin Quotes
American
Businessman
Mark Cuban Quotes
American
Businessman
Mark Zuckerberg Quotes
American
Businessman
Peter Drucker Quotes
American
Businessman
Richard Branson Quotes
British
Businessman
Russell Simmons Quotes
American
Businessman
Sam Altman Quotes
American
Businessman
Steve Jobs Quotes
American
Businessman
Tom Peters Quotes
American
Businessman
Walt Disney Quotes
American
Businessman
Warren Buffett Quotes
American
Businessman