Risk Statement

EPENDYO • RISK • LAST UPDATED: 2026-01-18

Investing and capital allocation involve risk. Any strategy, framework, or example described on this website may result in losses, including the possible loss of principal.

Key risk categories

• Market risk. Prices and valuations can move sharply due to macro conditions, liquidity, and sentiment.
• Liquidity risk. Some assets may be difficult to buy or sell without affecting price, especially in stressed markets.
• Credit & counterparty risk. Borrowers and counterparties may default, delay payment, or renegotiate terms.
• Concentration risk. Fewer positions or exposures can increase volatility and drawdowns.
• Operational risk. Systems, processes, vendors, and human error can cause losses, outages, or delays.
• Regulatory & legal risk. Laws, rules, enforcement, or contractual terms can change and affect outcomes.
• Model & assumption risk. Forecasts and assumptions can be wrong; historical patterns may not repeat.

No guarantees

Nothing on this website should be interpreted as a guarantee of performance, return, or risk reduction. Examples and scenarios are illustrative only.

General suitability notice

Any discussion of ideas or frameworks is not tailored to your specific financial situation, objectives, or risk tolerance. Consider whether any approach is appropriate for your circumstances and consult qualified advisers as needed.