Do You Believe in the Growth Prospects of Adobe (ADBE)?

Oakmark Funds, an investment management company, released its “Oakmark Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund generated a 10.3% return compared to a 7.6% return for the S&P 500 Index. During the year 2022, the fund returned -13.4% compared to the -18.1% return for the S&P 500 Index. Every sector in which the fund invested contributed positively to the fund’s performance in the quarter. The financials and...