is is my August investment letter regarding my dividend value model (J:HDGB). As you know the models goal is to seek and attain above average dividend yield with some capital appreciation while minimizing market risk. I must admit that beating the index was not the intended goal of this model. However I am proud to point out that the model is still beating the S&P 500 as of September 3, 2010, which remains remarkably encouraging.
James Hofmann
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