Impressum pursuant to the Digitale-Dienste-Gesetz (DDG), privacy policy pursuant to the EU General Data Protection Regulation (GDPR), and disclaimers concerning the educational nature of this project and its use of historical source materials.
Angaben gemäß DDG (Digitale-Dienste-Gesetz):
Jeffrey C. Wolf
Kolonnenstr. 8
10827 Berlin
Germany
Contact
Email: publicemailalias.kite252@passmail.net
Discrepancies is a small private educational project. No VAT identification number (Umsatzsteuer-ID) is currently issued, and no commercial register entry applies. Should commercial activity in the meaning of § 19 UStG arise, this imprint will be updated accordingly.
Responsible for content pursuant to DDG
Jeffrey C. Wolf (address as above).
Disclaimer for external links
Despite careful content review, the operator assumes no liability for the content of external links. The operators of linked sites are solely responsible for their content. At the time of linking, no legal violations were apparent. If any infringement becomes known, the relevant link will be removed promptly.
The protection of your personal data is important to us. Below we explain what data is collected when you use discrepancies.eu and how it is processed.
1. Data controller
The data controller within the meaning of Article 4(7) GDPR is Jeffrey C. Wolf (address as above). Email: publicemailalias.kite252@passmail.net.
2. Hosting and server log files
This website is hosted on Scaleway (Scaleway SAS, 8 rue de la Ville l’Évêque, 75008 Paris, France). Scaleway operates data centres within the European Union. When you access this site, your browser automatically transmits technical data to the server, including your IP address, the date and time of the request, the page or resource requested, browser type and version, operating system, and referring URL.
This data is processed on the basis of Article 6(1)(f) GDPR (legitimate interest) for the stable and secure operation of the website. Server log data is retained by the hosting provider in accordance with their default policy (7 days for logs, 31 days for metrics) and is not merged with other data sources.
3. Cookies and analytics
This website does not use cookies for tracking, analytics, or advertising. No third-party analytics services such as Google Analytics are integrated. If a privacy-friendly, cookieless analytics tool (e.g. Plausible or GoatCounter) is added in the future, this section will be updated and only aggregated, non-personal usage statistics will be collected.
4. Newsletter
If you subscribe to the newsletter, your email address is collected for the sole purpose of sending the newsletter. The legal basis is your consent under Article 6(1)(a) GDPR. A double opt-in confirmation is used: you will receive a confirmation email after signing up and your subscription is only activated once you confirm.
The newsletter is delivered through a self-hosted instance of Ghost (Ghost Foundation, open-source publishing software), running on the operator’s own infrastructure at Scaleway (Paris, France). No newsletter data is transferred outside the European Union. You can unsubscribe at any time using the link in every newsletter, or by contacting the email above.
5. Donations and support links (Ko-fi)
This site contains outbound links to Ko-fi (Ko-fi Labs Inc., United States), where readers may choose to support the project. Ko-fi is not embedded on this site; no Ko-fi cookies or scripts are loaded. When you click a Ko-fi link you leave this site, at which point Ko-fi becomes the data controller for any data you provide there. Ko-fi’s own privacy policy applies. If you donate, the United States is a third country in the meaning of the GDPR; Ko-fi relies on appropriate safeguards (Standard Contractual Clauses) for transfers from the EU.
6. Your rights under the GDPR
Under the General Data Protection Regulation, you have the right to request information about the personal data we hold about you (Article 15), to request correction of inaccurate data (Article 16), to request deletion of your data (Article 17), to request restriction of processing (Article 18), to data portability (Article 20), and to object to processing (Article 21). To exercise any of these rights, please contact us at the email address above. We will respond within one month.
7. Right to lodge a complaint
You have the right to lodge a complaint with a data protection supervisory authority. The competent authority for the operator (Berlin) is the Berlin Commissioner for Data Protection and Freedom of Information (BlnBDI). A directory of authorities is maintained by the German Federal Commissioner for Data Protection at bfdi.bund.de.
8. Changes to this privacy policy
We reserve the right to update this privacy policy to reflect changes in technology, legal requirements, or the functionality of this site. Where new third-party processors are introduced (for example, an analytics tool or payment processor), this policy will be updated before such services are activated. The current version is always available at this URL.
Discrepancies is an educational and research project on the history of value investing. Its content — including the corpus of Warren Buffett’s partnership letters (1957–1970), accompanying essays, statistics, and analytical tools — is provided as historical analysis and teaching material.
Nothing on this website constitutes investment advice (keine Anlageberatung), a recommendation to buy or sell any security, or any form of personalised financial, legal, or tax advice. No advisory or fiduciary relationship is created by your use of this site. Discussions of historical positions (e.g. American Express, Dempster Mill Manufacturing, Sanborn Map) are presented as historical case studies, not as contemporary recommendations.
The operator is not a licensed financial advisor or investment intermediary (kein zugelassener Finanzberater oder Anlageberater im Sinne des WpHG / KWG) and is not authorised by BaFin to provide regulated financial services.
Past performance of historical investments is not indicative of future results. Investing in securities involves risk, including possible loss of capital. Before making any investment decision, please consult a qualified, regulated financial advisor and consider your own circumstances.
Analytical tools that may appear on this site (such as a Buffett-style checklist or thesis-testing utilities) are framed as educational frameworks for understanding how historical investors evaluated businesses; they are not decision-support systems and do not generate buy or sell signals for any current security.
The primary corpus used by this project is the series of letters Warren Buffett wrote to the limited partners of Buffett Partnership, Ltd. between 1957 and 1970. These were originally private correspondence; they have been distributed publicly for decades through compilations and online archives.
Excerpts and quotations from these letters appear on this site for the purposes of commentary, criticism, scholarship, and education, in reliance on the German right of quotation (§ 51 UrhG / Zitatrecht) and equivalent fair-use principles in other jurisdictions. Each quotation is attributed and placed in analytical context; this site does not republish the page images of any compiled PDF, and no element of any third party’s compilation layout is reproduced.
Out of respect for the rights-holder, the operator has written to Berkshire Hathaway Inc. concerning the educational use of this material. Correspondence is on file.
If you are a rights-holder and have any concerns about how this material is used, or if you would like to discuss attribution, scope, or removal of any specific passage, please contact the operator at the email above. We will respond promptly and in good faith.
This page is provided for transparency and good-faith compliance. It does not constitute legal advice. Where specific legal questions arise, please consult a qualified lawyer (Medienrechtler / IT-Rechtsanwalt).