The Intrinsic Value Podcast 对 $TTD 的判断变化

2026-09-06看跌
《Applovin (APP): The 30-Bagger Down More Than Half》
尽管股价下跌,说话者仍回避投资TTD,因为对其商业模式缺乏理解。

这让我想起 The Trade Desk。他们有类似的商业模式,很长一段时间 The Trade Desk 的业绩看起来很棒,股价持续上涨,现在它已经进入了他所描述的“价值”范围。

It reminds me a lot At The Trade Desk. They have Similar business models, For a long time it was The Trade Desk figures look Amazing, and the arrow continued to Ascent, and now it has become A company that entered the scope of " "The value" as he describes it Some.

而 The Trade Desk 更广泛地专注于电视广告的连接以及被称为“开放互联网”的概念。有一个相似之处是明显且显而易见的,那就是这两只股票今年都因对人工智能影响的担忧而受到严重损害。

While The Trade Desk focuses More broadly on an area TV commercials The connection and this concept Known as "the Internet" "Open." There is a similarity One is blatant and obvious Exactly, which is that both The two stocks were severely damaged This year because Concerns about the impact artificial intelligence.

2026-08-16看跌
《Adobe, Lululemon, PayPal – Are our Biggest Losers a Buy Now?》
TTD是一项“太难”的投资,因为广告科技动态复杂且增长放缓(从28%降至12%),所以即使当前估值较低,我也不会买入。

你已经知道我说的是哪家公司了吗?哦,我知道。我知道。你肯定说的是 The Trade Desk。而且我很高兴我们没有买那家。我仍然记得在我们周日发布那期节目后的下一个交易日,它下跌了 40%。

虽然我们当时因为现在看来是正确的理由而决定不买,但可以肯定地说,没有人预料到会下跌得这么厉害。我当然没想到它会从高点下跌 80%。

Do you already have an idea of what company I'm talking about? Oh, I do. I do. You got to be talking about Trade Desk. And uh I'm very glad we didn't buy that one. I still remember when it dropped 40% in literally the next trading day after we published the episode on a Sunday.

And while we decided against it for what we now know were seemingly the right reasons, it's definitely fair to say that no one expected such a sharp decline. I certainly didn't imagine that it would fall 80% from its highs.