YCG has a strong conviction in Linde plc (LIN)
YCG LLC, an asset management company, published its Q4 2025 investor letter. A copy of the letter can be downloaded here. For the quarter, the S&P 500 Index returned 2.66% and the S&P Global Broad Market Index returned 3.22%. Currently, the global stock market favors speculation and high-risk investor behavior, driven by a concentration of…