Sell ADBE by Apr 19, 2026.

I’ve been seeing bullish thesis’s for ADBE everywhere. I get it. Adobe is a great company. But ADBE is not a great stock. Most claims I hear are “great earnings” “Growth on sale” “moat + shrinking forward PE” or similar. In his book “The Most Important Thing,” Howard Marks proposes the concept of second-level thinking, which is a more complex analysis compared to first level-thinking, which is a more superficial one. I think there’s a lot of first-level thinking on …