Legal Disclaimer (please don't sue me)

Investment Advice and why I don't give it

I do not give paid investment advice. Nothing I write or publish should be construed as such. What I provide is a research and educational service. There are several reasons for this:
  • Most importantly I am not authorised to do so by the FCA, the UK finance regulators or indeed any other regulator. Getting such regulation would be enormously complex and costly.
  • I am a big believer in the 'teach a man to fish' principle. Therefore rather than say 'you should buy shares in company X rather than Y' I would prefer to teach you the principles by which you would see that company X is a better buy than company Y.
  • Investment advisors, and indeed the entire investment management industry, has been tarred by a giant brush of overcharging for subpar performance and then varnished with a second coat of misselling. I don't want to be associated with such people...

Disclosure of positions

I may own long or short positions in any securities that I write about, or which could lose or gain value as a result of stuff I talk about. I will disclose any positions at the time, but please bear in mind I trade actively so my current portfolio may not be reflective of disclosures when things are written. Basically you should assume that I have a financial interest in whatever I write about, and be accordingly sceptical about my motives.

Intellectual property and secret sauce

I cannot and will not disclose any proprietary information or knowledge developed whilst working for any of my former employers; even if it is my own research basically I signed a contract saying they own the lot. Anything you see here is eithier (a) publically available knowledge or (b) the product of my personal research done as a private indiviual. Please don't ask me to disclose any secrets because I won't - I can't afford the legal fees. For what it is worth much of the success in the investment business is not down to any over complicated 'secret sauce' magic algorithim but in the business like disciplined application of whatever algorithim you have got. And simpler algorithims are generally better for that purpose.

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