The Intrinsic Value Podcast 对 $ADBE 的判断变化

2026-10-01看跌
《The AI Frenzy in Markets, As Understood by Two Value Investors》
对 Adobe 的看法发生了根本性转变;由于 AI 的快速发展可能在未来 10 年内取代其价值主张,不愿对其下注。

那些价值已经下跌的,也许除了Adobe之外,在她回落时我们并没有完全持有它。

Those that have decreased Its value, with the exception of perhaps Adobe, we weren't We own it completely when She was retreating.

Adobe是我们面对的、直接受到人工智能对生产力影响的公司之一。

Adobe is one Companies we face It has the influence of intelligence artificial on Productivity directly.

例如,Adobe是我们经常谈论的公司之一。我对它的看法改变了一点,差不多一年前,我的看法发生了根本性的改变。我不想把Adobe与当前的人工智能工具及其当前能力相比较。我想思考的是,按照我对人工智能发展的愿景,我认为这项工作在十年内会更好吗?人工智能发展得非常快,我认为我不想押注于它。

For example, Adobe is One of those companies that We talk about it a lot. My opinion of her has changed. A little, a year ago Almost, my opinion has changed. In it, radically. no I want to compare Adobe With intelligence tools Current artificial And its current capabilities.

I want to think, is it I think this work It will be better within ten Years in light of my vision For the development of intelligence Artificial? It develops artificial intelligence Very quickly I don't think I I want to bet on it.

2026-08-20
《Ranking SaaS Best Buys Today and Long-Term + Watchlist Review》
Adobe因机构广泛使用而成为强劲的短期买入标的(A级),但面临来自AI竞争和商业模式转变的长期不确定性(B/C级)。

所以基本上这意味着我们可以说,好吧,让我们把Adobe放在S和80之间,只是作为一个例子,那意味着在10年或20年后,我们相信Adobe仍然存在,并且会比今天更强大。

So basically what that means is we could say okay well let's put Adobe here between S and 80 right just as an example um that would mean okay in 10 or 20 years time we believe Adobe will be still existing and will be a stronger company than today

然后我们还有一个今天的价值层级列表,同时在一定程度上我们会讨论同样的公司,但前提是问我们是否相信Adobe在未来,我想说,肖恩,给我你的想法,但我会说一到四年内会是一家好公司。

and then we also have a value today tier list where simultaneously to some extent we'll discuss the same companies but with the premise of saying well do we believe Adobe will be a good company in the next I would say Sean give me your thoughts but I would say like one to four years.

2026-08-16
订阅或试用后可见这一步的正文
更早的 1 条正文需要订阅
最近 2 条的正文公开可读。更早的条目保留日期与方向,正文随订阅解锁。
订阅 · 30 天完整试用