《5 Interesting Value Bets From Investing Quadrant》
Adobe并非特别有吸引力；市盈率15倍缺乏安全边际，且增长非内生，因此下调至橙色/吸引力较低。
过去一年我们讨论的下一家公司是Adobe。我们在这里能说什么？自从我们上次讨论它以来，我们已经获得了50%的利润，我们上次是在270，我们现在在这里。所以，是的，Adobe是一个买入的选择，但要注意与投资组合敞口相关的风险和回报。
然后当它像那样下跌时，你现在必须加仓，也许恢复平衡。现在我们在这里，就像6个月前一样。所以，现在的故事是，现在有什么样的赌注？我们运行了Excel程序来找出Adobe的价值。
The next company we discussed during the past year is Adobe. What can we say here? We have made a 50 % profit since the last time we discussed it , which we did at 270, where we are now. So, yes, Adobe is an option to buy, but be aware of the risks and returns associated with portfolio exposure. Then when it drops as it did, you have to add now and perhaps restore balance. And now we are here where we were just 6 months ago . So, the story now is, well, what kind of bets are there now? We ran the Excel program to find out the value of Adobe.