TTD
exited
Conviction over time
Sentiment weighted by conviction, oldest to newest — above the line is bullish
Trades
What he actually did, newest first
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27 Feb 26
Closed the position at break-even last September after buying the April dip; cited stagnation, heavy competition, and AI threat.
Reasoning trail
Every post mentioning TTD, newest first — the thesis as it was built and revised
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15 May 26
Pushes back on hindsight bias around stock picking, noting one could just as easily have picked losers like Adobe or The Trade Desk instead of winners like Rocket Lab or Palantir, and questions whether he'd have held through Rocket Lab's 40% drawdowns.
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24 Mar 26
Adds TTD to a list of stocks hitting new 52-week lows.
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17 Mar 26
Agrees with a bearish take that TTD is headed to new lows following the Publicis platform drop report, expressing sadness about it.
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27 Feb 26
Discloses he sold his TTD position last September at roughly break-even after buying the April dip and watching it stagnate for six months, citing heavy competition and the AI threat as reasons the company is struggling despite liking management.
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26 Feb 26
Expresses happiness at having sold TTD.
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25 Feb 26
Blames TTD's post-earnings plunge on the sudden CFO departure and an unimpressive forecast, seeing a difficult comeback ahead.
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25 Feb 26
Explains TTD's 15% post-earnings drop despite a revenue beat: decelerating growth, rising competition from AMZN and new AI ad tools, and CFO turnover, with soft Q1 guidance leaving Wall Street wanting proof of reacceleration.