Like all investing, also our service involves risks. Some of these are general in nature, some specific to our service. No investor should enter this or any other investment without fully understanding its worst-case scenario, and the ability to bear it.

The characteristics of equity investing include significant fluctuations in market prices: Broad market indices have at times fallen more than -50% from their highest quotations, only to recover later. The volatility of our own portfolio may be even greater. At times part of the total capital allocated to an individual investment may even be fully lost, but we believe that over time other investments in our portfolio will more than compensate for any resulting losses.

Terminating the service at an unfavorable moment or within too short a time frame may result in unnecessary losses. Therefore, we require a long investment horizon and a somewhat higher risk tolerance and ability to withstand losses on the invested capital.

To the best of our ability, we strive to include all relevant information about the service in our documents. However, we are not liable for the accuracy of the information provided by third parties, nor any direct or indirect harm, cost or loss resulting from acting upon it.

Past performance is not necessarily indicative, and no guarantee of future results.