Disclaimer
Last updated: November 10, 2026
This Disclaimer applies to all content and tools of factual.money, app.factual.money, learn.factual.money, letters.factual.money, the factual.money podcast and related services, published by Factual Manhattan L.L.C. from the United States.
1. Software, information and education
factual.money publishes newsletters, podcasts, courses and articles, and provides software tools for studying companies. Our purpose is to teach a method of thinking about businesses and long-term investing so that you can reach your own conclusions.
2. No investment advice
We do not give investment advice or tips, recommend securities or investment products, manage money, or provide advisory or consulting services. factual.money is not a registered investment adviser or broker-dealer in any jurisdiction.
3. Not an offer
Nothing in the Services is an offer, solicitation or recommendation to buy or sell any security, derivative or financial instrument in any jurisdiction.
4. Data, AI and calculations
Figures come from company filings and other public or third-party sources, sometimes collected by AI models. We believe our sources are reliable but do not guarantee that they are accurate, complete or current. Valuation results depend entirely on those figures and on assumptions you can change; an intrinsic value range is an estimate, not a price target. See our AI Disclosure.
5. Opinions and examples
Opinions reflect the author's view on the date of publication and may change without notice. We have no obligation to update past content. Company examples, including those on our website, are illustrations of the method and not recommendations.
6. Risk
All investing involves risk, including the loss of principal. Past performance does not indicate future results. Any potential for gain carries the possibility of loss. Consult a licensed professional before making investment decisions.
7. Positions
Our team and contributors may hold positions in securities mentioned in the Services and may buy or sell them at any time.
8. Reproduction
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