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Disclaimer

Effective and last updated: October 12, 2026.

This disclaimer applies to articles, topic guides, images, models, examples, and Chinese and English versions published by Simon Liu at https://blog.simonliu.cn/.

Investment research is not investment advice

All investment research on this blog is provided solely for learning, discussion, and exchange. It does not constitute investment advice, a securities recommendation, investment advisory services, or an offer to buy or sell.

References to companies, stocks, funds, industries, valuations, price targets, dividends, asset allocation, or long and short theses are general research and personal views. They do not account for any reader’s objectives, finances, risk tolerance, or investment horizon. Reading, subscribing, or contacting the author does not establish an investment-adviser, fiduciary-management, or other professional-services relationship.

Verify information independently and assess the risks. Consult an appropriately qualified professional when you need personalized advice. Do not rely solely on this blog when deciding to buy, sell, hold, use leverage, or make any other investment decision.

Risks, assumptions, and timeliness

Investments can lose principal. Leverage and short selling may cause additional losses. Past returns, dividends, backtests, valuation calculations, and simulations do not predict future performance or guarantee returns.

Models and conclusions depend on data, assumptions, and methods. Data may be inaccurate, incomplete, or outdated, and market and company conditions change. Articles reflect the author’s understanding when written or updated. The author is not obliged to continually update every historical article, price, or conclusion.

AI-assisted organization, translation, or analysis can contain errors and should be checked against original sources. If Chinese and English wording differs, consult those sources and the surrounding context, and contact the author for a correction.

Personal views and conflicts of interest

Views belong to the author and do not represent any employer, partner, or related institution. The author may hold or trade assets discussed here. Holdings, business relationships, and personal judgments may influence those views; do not assume that an article is free of conflicts of interest.

Sponsorships, paid collaborations, or affiliate links should be identified in the relevant content. The blog does not promise returns from following the author’s views, models, or holdings.

Advertising and external services

If advertising is displayed, it is supplied by the relevant provider or advertiser. Its display does not imply the author’s recommendation, endorsement, or guarantee of the product, service, or claims. Evaluate offers independently and read the provider’s terms.

External links provide references or further reading. The blog cannot guarantee their availability or accuracy. Transactions, accounts, subscriptions, or other dealings with third parties are subject to their terms. See the Privacy Policy for information about advertising and access data.

Travel routes, wilderness experiences, and technical notes describe personal experience, not safety guarantees or instructions that can be followed without judgment. Consider local rules, conditions, your abilities, and professional guidance. An article does not remove safety, permit, or environmental requirements.

Original content and third-party material remain protected by their respective rights. Before quoting, republishing, or using images, check permissions and retain attribution and sources. Attribution alone does not establish permission.

Responsibility and corrections

The author will reasonably address identified errors but does not guarantee that all content is complete, accurate, continuously available, or suitable for any particular purpose. Readers remain responsible for independent judgment and use of the material.

This disclaimer does not exclude or limit liability that applicable law does not allow to be excluded or limited, or diminish readers’ statutory rights. It does not replace fact-checking, necessary disclosures, or legal obligations.

For factual errors, citation issues, or rights disputes, contact Simon Liu through the channels in About the blog and its author, providing the URL, passage, and supporting evidence. Do not send sensitive personal information through public channels.