RESEARCH DISCLOSURES

Know what the model cannot know.

Effective July 23, 2026

Research software, not advice

VERIX provides impersonal research outputs. It does not know your objectives, tax position, liquidity needs, concentration, or tolerance for loss. A model state is not a recommendation to buy, sell, or hold a security.

Valuation uncertainty

Fair values, expected growth, and buy-below prices are estimates built from assumptions that can be wrong. Market prices may move sharply, filings may be amended, and a business can deteriorate before a model updates. No output is a promise of performance or protection from loss.

Data provenance

VERIX research primarily uses public company filings and promoted model snapshots. Live quotes are hydrated separately and labeled. Unknown or uncovered values must remain N/A. Snapshot timestamps describe the model run, not continuous coverage.

13F limitations

SEC Form 13F reports are delayed, can be amended, omit many asset and short positions, and do not reveal a manager's current holdings, cost basis, or complete strategy. They are context—not a live trade feed.