Wedgewood Partners Q4 2025 Client Letter

nuttapong punna/iStock via Getty Images Annus Horribilis At Wedgewood, we’ve curbed our enthusiasm. We expect greater stock market volatility in 2025 than witnessed last year. Accordingly, we are patiently waiting for better prices for both new positions, as well as adding to existing positions. Wedgewood Partners Client Letter, January 2025     Review and Outlook   Wedgewood Composite Net  4Q -1.8   YTD 4.3   1-Year 4.3   3-Year 20.3   5-Year 11.4    Standard & Poor's 500 Index 2.7 17.9 17.9 23.0 14.4  ...