Weitz Investment Management Considers Adobe (ADBE) as a Strong Long Term Investment

Weitz Investment Management, an asset management company, released its second-quarter 2022 investor letter. You can download it here. In the second quarter, Fund’s institutional class returned -16.03% compared to -16.10% for the S&P 500 Index and -20.94% for the Russell 1000. Year-to-date, the fund returned -22.72%. Persistent inflation followed by the aggressive monetary policy by the Federal reserve affected the performance of the portfolio. You can check the fund’s top five holdings...