Adobe: Mispriced, Misunderstood, And Monetizing AI

Core Insights - The focus is on identifying businesses with strong cash generation capabilities and competitive advantages that ensure their longevity over the next decade, targeting a minimum of 15% annualized returns or companies with deeply discounted prices relative to their asset base [1] Group 1 - The investment strategy emphasizes the importance of strong cash flow and competitive advantages for long-term viability [1] - The investor is open to considering takeover targets, provided these companies maintain robust business fundamentals [1] - The investor has achieved an annualized time-weighted return of approximately 16% over three years and aims to continue outperforming this benchmark [1]