Diamond Hill Capital, an investment management company, released its “Select Strategy” fourth-quarter 2024 investor letter. Q4 saw an uneven increase in markets, capping off yet another strong year for the markets. Stocks rose generally after the US election, but several lost most or all of their gains before the end of the year. The portfolio trailed the Russell 3000 Index in Q4 and for the full year. In Q4, the strategy returned -1.67% (net) vs 2.63% returns for the index and in 2024 the strategy returned 13.14% (net) vs 23.81% returns for the index. To get an idea of the fund's best...
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