Disclaimer

All content on this website is for informational purposes only. Nothing published here constitutes financial advice, nor is it intended to be; moreover, we are not qualified to offer such advice.
We analyze and summarize many third-party ideas, but this work is susceptible to containing errors. We recommend that you keep this in mind and verify both what we publish here and the full content from the original authors on your own. Nothing is infallible, and errors can occur, so always review and do not blindly trust anything you read anywhere.

In particular, when it comes to investment theses, understanding what an author is trying to convey does not mean you should rely on it without question. Each person is responsible for their own decisions, and we strongly encourage you to always conduct your own research (due diligence). Investing based on the ideas of others is speculation. Additionally, please remember that the author of a thesis may change their opinion at any time without notice, as the world is constantly changing and numerous factors can alter a company's outlook.

Original theses should be viewed as purely educational or informational, from which one can learn. They may help you understand how other people or managers analyze, and, if applicable, help you discover interesting ideas. Beyond that, you should always conduct your own research.

Regarding our work in analysis and summarization, we acknowledge that we may make mistakes in trying to synthesize or capture the essence of an investment thesis. It is possible that we may not highlight the most relevant points or, subjectively, may emphasize some aspects over others. Additionally, we use machine translation to facilitate access to ideas in different languages, which may introduce additional errors.

Except for ideas we publish based on our own analysis, third-party ideas are the credit of their respective authors. Any misinterpretation is solely our responsibility, but we do not assume liability for them; always remember to review everything. This content should only be considered as a first filter.

Due to time constraints, we are likely unable to respond to emails, but rest assured that we will read them.

Lastly, if you are the author of an idea and prefer that we do not publish a summary of your work, you can write to us, and we will remove it without issue.

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