Part 7/10:
Transitioning to the second fund, Wedgewood Partners, the investor revealed their longstanding commitment to S&P Global, revealing a personal investment of over $100,000. They recounted the firm’s history, from its origins as a credit agency to its current multifaceted structure providing data and analytics across various sectors.
Wedgewood maintained its position over five years without adjustment, reflecting confidence in the company's fundamentals despite underperformance compared to market indices. The investor concurred with this sentiment, noting that intrinsic value has increased consistently even as the stock lagged behind.