Disclaimer — AMORDAD

01

Not Investment Advice

AMORDAD provides research, analysis, and educational tools. Nothing on this website, in any analysis, in any "Chosen Weekly Stocks" list, in any AMORDAD letter, or in any other content produced by AMORDAD constitutes investment, legal, tax, or financial advice, a recommendation to buy or sell any security, or a solicitation of any kind. AMORDAD is not a registered investment adviser, broker-dealer, or financial planner in any jurisdiction. All content is provided for general informational and educational purposes only.

02

Investing Involves Risk

All investing involves risk, including the possible loss of principal. The value of any security can rise or fall, and past performance is not indicative — and is not a guarantee — of future results. Forward-looking statements, projections, twenty-year owner-earnings forecasts, intrinsic-value estimates, scenario weights, and conviction scores presented by AMORDAD are inherently uncertain and should not be relied upon as predictions of actual future outcomes. You alone are responsible for your investment decisions and for any gains or losses that result from them. If you are unsure whether a particular security is suitable for you, consult a licensed financial professional in your jurisdiction.

03

No Affiliation With Any Fund or Investor

AMORDAD is an independent research product. AMORDAD is not affiliated with, endorsed by, sponsored by, or in any way connected to Berkshire Hathaway, Pershing Square Capital Management, TCI Fund Management, Himalaya Capital, Baupost Group, or any other fund, firm, or investment vehicle mentioned anywhere on this site or inside the product. No employee, partner, or representative of any such firm has reviewed, approved, contributed to, or had any involvement in the creation of AMORDAD or its outputs.

04

No Impersonation

References on this site and inside the AMORDAD product to Warren Buffett, Charlie Munger, Bill Ackman, Chris Hohn, Li Lu, Seth Klarman, or any other investor are references to the publicly known investing philosophies and methods those individuals have shared in books, letters, interviews, and public filings over the course of their careers. AMORDAD does not impersonate, speak for, channel, or claim to represent the views of any living or deceased investor. The "six lenses," "six minds," letters, verdicts, and any first-person language produced by AMORDAD are stylistic devices applied by an AI system — they are not the words, opinions, or positions of the named individuals, and should not be interpreted as such. Any resemblance in tone or phrasing to a real investor is intentional in style only and is not an endorsement by, statement from, or attribution to that person.

05

AI-Generated Content

Every "brain," every lens, every analysis, every conviction score, every owner-earnings projection, every scenario, every "Buffett-tradition letter," and every other piece of intellectual output produced by AMORDAD is generated by artificial-intelligence systems. There is no human analyst writing custom analysis behind any individual report. AI systems can and do produce errors, including factual mistakes, miscalculations, outdated information, fabricated citations, and incorrect inferences. AMORDAD makes no representation or warranty that any output is accurate, complete, current, or fit for any particular purpose. You should independently verify any fact, figure, filing reference, or claim before relying on it for any decision.

06

No Fiduciary Relationship

Your use of AMORDAD does not create a fiduciary, advisory, agency, or client relationship of any kind between you and AMORDAD, its operators, contributors, or affiliates. AMORDAD owes you no duty of suitability, loyalty, or care with respect to any investment decision you make. You are acting on your own behalf and at your own risk at all times.

07

Third-Party Data

AMORDAD may display, reference, or analyze data sourced from public filings, market data providers, news services, and other third-party sources. AMORDAD does not guarantee the accuracy, timeliness, or completeness of any such data. Real-time prices, fundamentals, and filings may be delayed, incorrect, or revised by their original publishers without notice.

08

Jurisdiction

AMORDAD is published from Canada and is made available globally. It is your responsibility to determine whether your use of AMORDAD is lawful in your jurisdiction and whether any security discussed by AMORDAD is appropriate or available to you. Nothing on this site is an offer to sell, or a solicitation of an offer to buy, any security in any jurisdiction where such offer or solicitation would be unlawful.

09

Changes to This Disclaimer

AMORDAD may update this page from time to time. The most recent version will always be available at this URL. Continued use of the site after an update constitutes acceptance of the updated terms.

10

Contact

Questions about this disclaimer may be sent through the contact page.

AMORDAD Capital · Investment Office

Last Updated · May 2026