I have been posting my portfolio publicly ever since I started the site which was late 2006. Last year’s IRR was -25%, which is 10 points lower than what’s shown on the spreadsheet due to the way I accounted for options, basically not marking them until the contract closed out. Earlier this year, a third party audited all my brokerages’ statements to verify returns and calculated 2008 to be ~ -25%, not the -15% as shown. I’ve since changed my accounting to prevent such a divergence. Nevertheless, -25% is better than the -37% or whatever the market posted last year and the massive drops in my naked put positions are what’s enabled the outperformance this year.

I’m long-only. Just can’t stomach the asymmetric risk profile of shorting. I do pay some attention to asset class allocation but without access to superior vehicles, this is difficult for retail investors.

Also was curious if it’s long/short or just long-only? Clearly I’ll need to read up more on this hah but congrats again always good to see solid stockpicking!

Jay
@marketfolly