TTD Partners With Amazon. Huge Win

Quick Rewind:

Here’s what the news headlines around The Trade Desk looked like from July 1 - July 24. In my opinion None of these meant ANYTHING for long term investors in The Trade Desk. Other than potentially an opportunity to buy more shares if it wasn’t a full position. But I did nothing. I had a 17% position in the company which was plenty.

Here’s what the stock did before today during July. Up about 6% but you can see around the 15th - 18th when those downgrades came out, the stock dropped to where it was roughly flat for the month.I did nothing because absolutely nothing changed with the business.

Then today this happened:

Here’s a quick article about it.

And finally here’s what the stock looks like for the month of July including today. +20%

Long term investors win by investing in the most innovative companies with great products, great management, and great cultures. Then do nothing. Unless a position gets to be too large a percentage of your portfolio, you need the money, or something changes about the business.

Building wealth can be that simple. Not easy, but simple.

Have a great weekend.

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Austin