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Latitude Investment Management’s Q4 2025 Investor Letter

Latitude Investment Management, an investment management firm, released its fourth-quarter 2025 investor letter. The letter emphasizes a long-term, fundamentals-driven investment philosophy, arguing that while stock prices can be volatile in the short run, they ultimately follow underlying earnings growth—illustrated through the “dog and owner” analogy. The portfolio delivered strong results in 2025, with earnings growing over 15% and returns of 21%, largely driven by consistent fundamental growth rather than valuation changes. The manager highlights a diversified portfolio of...