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Adobe: Designing a Creative Empire?
May 11, 2025 | It’s a company so embedded into the creative world that you might not even realize how often you interact with it. And yet, for a business with over 40 years of history, Adobe is still growing — still evolving — and now facing perhaps the most consequential shift in its history with the rise of AI tools and mass-market competitors like Canva.
Mercedes-Benz: Can Benz Reinvent the Car Again?
May 4, 2025 | In this issue, I break down what’s really going on at Mercedes. And beyond the company itself, we ask the bigger question: is the car industry — with all its capital intensity and volatility — just too tough for long-term investors?
Comfort Systems: Blue-Collar Compounder
April 27, 2025 | What is a “serial acquirer,” you ask? Good question. This term has come to describe decentralized holding companies, where there’s a parent company at the top that oversees a number of subsidiary businesses.
