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Infinite time horizon: The treasury should be structured to exist in perpetuity.There should be no time preference, i.e. no preference given to funding present projects over future ones.

Shreyas Hariharan • How to Structure a Protocol's Treasury

We have an alternative solution, ergodicity economics, which has replaced the expectation value of the operator on this random object with a time average, or time average growth.

W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium

Strategy

Margaux Capo • 13 cards

If you want to do better as an investor, the single most powerful thing you can do is increase your time horizon.

Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness

The typical time horizon for a product team’s north star, or long-term vision, is three to four years out.

Ken Norton • Building Products at Airbnb

Five years is the absolute minimum time period for evaluation, and I’d strongly encourage you to go back 10 years if you can.

Pat Dorsey • The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market

Once you can clearly articulate the job your customers hire your product to do, it becomes easier to estimate the average time it might take to accomplish the job. In my example, my target early adopters are early-stage software companies. Statistically, about half of new products fail within their first three years. This gives me a ballpark custom

Ash Maurya • Scaling Lean

Because big systems are so slow to change, there is no option but to look far into the future, to 2050 and beyond.

Geoff Mulgan • Another World Is Possible: How to Reignite Social and Political Imagination

As we begin to zero in on our intermediate goals, it is important to remind ourselves that they are typically outside of our time horizon.