A private investment club for the considered investor.
By Salomon
I write daily and show every from the day I take it. .
From the desk
All lettersAugust 31, 2026 · Morning Chronicle
Hormuz is worth one tenth of a percent
Wall Street books its best month since May today, three days after its own Fed chair explained why he may have to raise rates. Good morning and welcome to today's market chronicle. It's Monday, August 31, 2026. Friday the S&P 500 closed at 7,711.76, down a quarter of a percent, the Nasdaq off seven tenths, all of it delivered by Kevin Warsh telling Jackson…
Read
The desk
Two books
One is held and rebalanced on a schedule. The other is entered one name at a time. Both are shown, and they are measured differently.
Passive
Mosaic Mid-Horizon
model portfolio · Live since January 2, 2026
- Total return
- +16.9%
- SPY (TR), same window
- +12.6%
| Month | Mosaic Mid-Horizon | SPY (TR) |
|---|---|---|
| 2026-01-30 | +3.8% | +1.3% |
| 2026-02-27 | +5.0% | +0.4% |
| 2026-03-31 | +0.0% | -4.5% |
| 2026-04-30 | +10.7% | +5.5% |
| 2026-05-29 | +15.9% | +11.0% |
| 2026-06-30 | +14.1% | +9.6% |
| 2026-07-31 | +13.4% | +9.7% |
| 2026-08-31 | +16.9% | +12.6% |
It is 1.3% below its peak, set on August 17, 2026.
Its worst complete month was March 2026, at -4.7%.
As at August 31, 2026. End of day, every trading day since inception.
I do not annualize a short record, and I do not publish the holdings here; members get those, and the reasoning behind each one.
Active
The picks
single names
- Closed positions
- 233
- Win rate
- 68%
- Avg return
- +5.1%
- Avg hold
- 15d
Where they landed
An average hides whether a record came from steady gains or one outlier.
- < -20%11 positions
- -20 to -10%00 positions
- -10 to 0%7474 positions
- 0 to 10%113113 positions
- 10 to 20%3838 positions
- 20 to 50%77 positions
- 50%+00 positions
Per position, gross: exit against entry. No fees, no sizing. Closed positions only, so what I hold today is not counted.
Not the same measurement. Left, one portfolio across one window. Right, individual positions, unweighted and gross. Neither number converts into the other.
Salomon
Managing Partner · StandPoint
I began my career at Athenée Investment, a Geneva-based hedge fund, as a U.S. equity trader, where I focused on extracting equity alpha from quantitative models years before those techniques entered the mainstream.
I went on to found multiple quant ventures, developing systematic strategies across equities and crypto for both institutional and retail participants.
What members receive
975 CHF a year · or 340 CHF a quarter
- THE IOS APP
- StandPoint on iOS. The picks, both portfolios, the model, and every letter in your pocket, with an alert when a position moves.
- THE PICKS
- Live positions, opened when the setup earns one rather than on a calendar. Each one carries a written thesis: why I opened it, what would change my mind, and the note I write when I close it.
- PORTFOLIOS
- Two model books. Mosaic Mid-Horizon is the diversified ETF core, rebalanced roughly every four months. Salomon’s Active is the faster sleeve, rotating sector ETFs alongside single names taken from the picks. You see every weight, every change, and the line I wrote explaining it.
- MARKET THOUGHTS
- Long-form research on a single name or a sector, written when the work earns it rather than to a schedule. Members only, and not published anywhere else.
- THE QUANT MODEL
- Five hundred names, ranked every evening by how far each has stretched from its own trend, so you start the morning with the dozen worth reading instead of the whole index. Check anything you already hold and see where it sits. It is the screen I run before I open a position, and you get the same one.
Last updated August 31, 2026.
- THE ARCHIVE
- Every closed position, kept for the record. The table is public. Members get the thesis behind each one, the exit note, and the position measured against the S&P 500.
Membership is by application. Your place opens the moment you apply.
The friction is the point. Four questions, about three minutes. I read every one, and if I decide you are not a fit, I refund you in full and tell you why.
975 CHF a year · or 340 CHF a quarter