+0.0
net board stance
what this means
63.35
-1.7% · close 2026-09-08
+14% / +16% / +68%
1m / 3m / 12m
+74%
vs SPY since 2021-02-20
88%
of 52w range · -6.4% off high
1/1
hit rate as primary · α +13
Where we stand — 0 live ideas
No active idea holds this ticker. Anything below is history.
Where the winds are blowing
NET BOARD STANCE, LAST 60 EPISODES —
rising = the besties are building this position, falling = abandoning it. Replayed from
score_events; an idea counts from birth until its window closes.
PRICE VS SPY OVER THE SAME WINDOW, % — did the
talk lead the tape or follow it?
Who's pushing which way
each voice's net push ON THIS TICKER — their most recent stance per idea × the idea's direction × strength, so supporting a bearish idea pushes down. Not conviction (that lives on the idea); this is direction of travel per person. what w= means
Track record on VIRT
As a PRIMARY play the besties are 1 hit / 0 partial / 0 miss over 1 closed window — credit 1.0, average α +13.1. Adjacent plays are listed but never scored.
| idea | call | play | verdict | R | α | closed |
|---|---|---|---|---|---|---|
| 📈 Payment for order flow and market making survive the GameStop backlash | ▲ LONG | primary | HIT | +26.8% | +13.1 | 2022-02-13 |
| 🏛️ Washington intervention in retail fintech is the real overhang | ▼ SHORT | adjacent | PARTIAL | +8.8% | +19.5 | 2022-07-03 |
The tape — what was actually said
every capture on any idea holding VIRT, newest first · quotes verbatim, timestamps deep-link into the episode
Sacks
support ×2
▲ on
📈 Payment for order flow and market making survive the GameStop backlash
E60 · 2021-12-23
▶ 54:54
And the populist revolt around this whole payment for order flow Robinhood thing broke against the rock of Ken Griffin.
Sacks
oppose ×2
▼ on
🏛️ Washington intervention in retail fintech is the real overhang
E38 · 2021-07-03
▶ 21:57
Yeah, so it should be a black eye for the company, but the reality is that they're happy to pay the fine and just move on so they don't have this issue hanging over their heads anymore. And now they're going to be able to IPO at like a 50, 60, $70 billion valuation. ... And so for them, it's a sort of cost of doing business. I think there's something a little bit off about that, but that's kind of how it works.
Friedberg
support ×2
▼ on
🏛️ Washington intervention in retail fintech is the real overhang
E38 · 2021-07-03
▶ 33:20
And everyone is worried about the government intervening and changing how this business is transforming. Because as soon as the government gets involved, it's going to slow down the transformation, it's going to make things much more challenging. And I think that everyone's trying to keep the government at bay, while the great digital transformation of markets is underway.
VL
Vlad Tenev
support ×2
▲ on
📈 Payment for order flow and market making survive the GameStop backlash
E22 · 2021-02-13
▶ 37:27
I do think exchanges are here to stay. Market making is here to stay. Market making is a profitable enterprise. And so some level of revenue share between the market maker and the broker makes sense. And it is regulated. So I'm not quite sure what, if any, changes need to come.