Halftime for 2008 – The Aleph Blog

Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control

Posted on 9 July 2008 by David Merkel

Well, June was nothing great.? I was ahead of the indexes, but that doesn’t mean much in absolute terms.? For the year, I ended June ever so slightly negative.? Good in relative terms, but I aim for better.

July has been ugly for me — I am down considerably more than the market, but these things happen… energy is off, and though I am market weight, the names I own have considerable operating leverage.

While I was on vacation, I did the following trades: bought some International Rectifier, Smithfield Foods, and Officemax.? I enjoyed my time off, and disciplined my computer use to half and hour around lunch, and some time after the kids went to bed.

I am still working on my portfolios reshaping, and should have some trades by early next week.

Full disclosure: long IRF SFD OMX

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