Brayden Dennis

So sure, it looks pretty good this year.

Might even look pretty good for 2027.

But beyond that, can anyone say with certainty that Adobe is going to be in an amazing place in 2028, 2029, 2030, 2031?

Much more quality when it comes to that.

And you can make a real case that they'll start eroding slowly on the edges and then...

you know it starts eroding faster and faster or it could remain in the freemium approach that they're taking it could actually you know be a really a tailwind for them in terms of growth so i think you can make a case for both but i think saying that one or the other is absurd i think is just people getting a little bit into echo chamber and just anchoring on their own thesis for adobe

Of course it's a possibility.

Anyone who says it isn't, like...

whatever option whatever outcome for like the best company in the world there's always a no matter how small there's always going to be a disaster possibility for a company yeah you pick your most loved company the best company in the world to say that there's like a zero possibility of something happening is just you're you're lying to yourself like you it's

Nothing in zero risk.

That's just the reality.

Yeah.

And obviously, I think for Adobe, it's higher.

But I think people who say like you're out for lunch is just they're completely dismissing the risk.

And I think that's a dangerous place to be in investing, especially if you start sizing your position.

too high because you have so much conviction in something.

Sure.

I thought my puppy had to go pee outside, but I think he's good.

So if you don't take too long, I think we'll be able to make it work.

Yeah, they have like, I was familiar with PeopleSoft.