Legal notice

The Value Investing Playbook by Boštjan “Bastian” Ciperle

Important – Please read carefully

  1. No financial, investment or professional advice This Playbook is written for educational and informational purposes only. It shares my personal opinions, experiences and general knowledge about value investing.

    Nothing in this book is personalized financial advice, investment recommendation, tax advice, legal advice or any other kind of professional advice.

    Investing in stocks always involves risk. You can lose some or all of your money. Past performance of any company or market does not guarantee future results.

    Before you make any investment decision, you should do your own research and talk to a qualified financial advisor, accountant or other professional who knows your personal situation.

  2. Your responsibility You are fully responsible for any investment decisions you make. Any action you take based on this Playbook is done at your own risk.

    I am not a licensed financial advisor, broker, fund manager or regulated professional. I do not manage money for others and I do not receive payment for recommending any specific stock, fund or investment.

  3. No guarantees I cannot and do not promise or guarantee that you will make money, reach any specific financial goal, or avoid losses by reading or using this Playbook.

    The stock market is unpredictable. Companies can fail. Prices can fall a lot. Economic conditions change. Nothing in this book is a prediction of future results.

  4. Examples are for illustration only All company examples, numbers, charts, Excel templates and calculations are for educational purposes. They are not recommendations to buy, sell or hold any security.

    Some examples use real companies and real historical data (as of March 2026). These are not investment suggestions.

  5. Affiliate links (if any) This Playbook may contain affiliate links to tools, books, software or services I personally use and believe are helpful. If you click and buy through those links, I may receive a small commission at no extra cost to you.

    I only recommend things I truly believe add value. You are never under any obligation to use them.

  6. Copyright and usage © 2026 Boštjan “Bastian” Ciperle. All rights reserved.

    You may not copy, reproduce, distribute, sell, modify or create derivative works from this Playbook (or parts of it) without my written permission, except for your own personal, non-commercial use.

  7. No liability To the maximum extent permitted by law, I am not responsible or liable for any loss, damage, cost or expense (direct or indirect) that may arise from using this Playbook, the attached Excel files, or any information inside it.

If you do not agree with any part of this Legal Notice, please do not purchase or use the Playbook.

By buying and/or using The Value Investing Playbook, you confirm that you have read, understood and agree to this Legal Notice.

Thank you for your trust. I truly wish you success and peace of mind on your investing journey.

Warm regards,

Boštjan “Bastian” Ciperle

March 2026