Legal Notice

The Important Concepts:

  • Past performance is not indicative of future results.
  • This publication is general in nature.
  • These portfolios are models and strictly hypothetical.  They do not represent what an investor can expect to receive in the real world.
  • I don’t receive any compensation from any of the funds or stocks that I write about.
  • I don’t receive any fees from any of the companies that I write about.
  • From time to time, I will personally own some of the funds and stocks that I write about.  I will disclose these where possible.
  • I don’t provide advice to investors’ specific situations.
  • Did I mention that this publication is general in nature and that I do not provide advice specific to investors’ specific situations?

The Full Disclaimer:

The views expressed in this commentary are solely those of Cornice Capital as of the date of this commentary.  The views expressed in this commentary are subject to change without notice, and may not reflect the criteria employed by any person or entity in Cornice Capital to evaluate investments or investment strategies.  This commentary is provided to you for informational purposes only.  The opinions expressed in this commentary represent the current good faith views of Cornice Capital at the time of publication and are provided for limited purposes.  This commentary does not and is not intended to constitute investment, legal, or tax advice, nor does it constitute an offer to sell or provide a solicitation of an offer to buy any security, investment product, or service.  This commentary does not take into account any particular investor’s investment objectives or tolerance for risk.  The information contained in this commentary is presented solely with respect to the date of the preparation of this commentary, or as of such earlier date specified in this commentary, and may be changed or updated at any time without the notice to any of the recipients of this commentary (whether or not some other recipients receive changes or updates to the information in this commentary).  The information contained in this commentary has been developed internally and/or obtained from sources believed to be reliable; however, Cornice Capital does not guarantee the accuracy, adequacy, or completeness of such information.  Historical market trends are not reliable indicators of actual future market behavior or future performance of any particular investment, which may differ materially, and should not be relied upon as such.

The information in this commentary may contain projections or other forward-looking statements regarding future events, targets, or expectations regarding the strategies described in this commentary and is only current as of the date of the preparation of this commentary.  The information in this commentary, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons.  Cornice Capital assumes no duty to update forward-looking statements.  No representation or warranty, express or implied, is made or given by or on behalf of Cornice Capital or any other person as to the accuracy and completeness or fairness of the information contained in this commentary, and no responsibility or liability is accepted for any such information.  By accepting this commentary, the recipient acknowledges its understanding and acceptance of the foregoing statement.

No assurances can be given that any aims, assumptions, expectations, and/or objectives described in this commentary would be realized or that the investment strategies described in this commentary would meet their objectives.  Neither Cornice Capital; nor its affiliates; nor its shareholders, partners, members, managers, directors, principals, personnel, trustees, or agents of any of the foregoing shall be liable for any errors (to the fullest extent permitted by law and in the absence of willful misconduct) in the information, beliefs, and/or opinions included in this commentary, or for the consequences of relying on such information, beliefs, and/or opinions.

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In case you’re curious:

Section 401(f) of the Uniform Securities Act, upon which the majority of state securities laws are based, similarly excludes from the definition of investment adviser “a publisher of any bona fide newspaper, news column, newsletter, news magazine, or business or financial publication or service, whether communicated in hard copy form, or by electronic means, or otherwise, that does not consist of the rendering of advice on the basis of the specific investment situation of each client.”

That’s what we are.