Policy · conflict of interest
What I am, what I'm not, and how I disclose.
Young Bull is an investing journal. I write about positions I take with my own capital. I'm not a registered investment advisor, this isn't a fund, and nothing here is a recommendation to buy or sell anything. The rules below are how I try to stay honest about that.
01I am not a registered investment advisor.
Young Bull is a personal investing journal. I am not registered with the SEC, FINRA, or any state regulator as an investment advisor, broker-dealer, or financial planner. Nothing on this site, in my Substack posts, in the room voices, or in any agent output constitutes investment advice.
Posts and pages here are opinions and observations, written for an audience of peers who do their own work. If you make a buy or sell decision because of something you read here, that decision is yours alone.
02My positions are disclosed in real time.
Every position I currently hold is on /book. The page is hydrated from a live API and reflects what's in my brokerage as of the most recent sync. Sleeve allocation, anchor weights, layer classification, and lifetime/year-to-date returns are all visible to anyone who lands on the URL.
When I open or close a position, the change shows up on /book when the daily snapshot lands. I do not pre-announce trades.
03I write about names I own.
Most Substack posts and most page coverage here is about tickers I hold. That is the entire point of the journal — it's how I think about my own book in public. Assume any name covered on Young Bull is a name I own, unless the post explicitly says otherwise.
Examples of names covered that I currently hold (as of the live /book state): MU, NBIS, AVGO, ALMU, VST, and others. The full set is on /book.
04External coverage is public-source only.
When I cover an external book — for example Leopold Aschenbrenner / Situational Awareness LP — that coverage is built entirely from public sources: published interviews, blog posts, public 13F or analogous filings, on-record statements, and inferences from public thesis writing.
I do not have non-public information about any externally covered fund, manager, or company. If the page I'm reading hasn't been published, you won't see it cited here. Positions marked "AWAITING SOURCE" on external coverage pages are placeholders that stay placeholders until a verified public source lands.
05I may trade positions I write about, without notice.
I can buy, sell, trim, or add to any position covered here at any time, without notifying readers. The /book page is the source of truth for what I'm actually holding right now. If a position disappears from /book, it has been closed.
I aim to never trade against a post within 24 hours of publishing it, but I make no guarantee.
06No paid promotion. No sponsored picks.
Nothing on Young Bull is paid for by the companies covered. No issuer, fund, or sponsor pays me to publish coverage. If that ever changes, the policy here will change first and the disclosure will be loud.
07Pro tier (Founding 50) does not change the disclosure.
The Pro tier changes which features I open to a reader (the room, dispatching desks, on-demand research). It does not change the disclosure rules above. Pro subscribers see the same /book, the same numbers, the same external-coverage public-source-only constraint.
08What this page does not cover.
Privacy, terms of service, and contact information will live alongside this policy when they ship. For now:
- Privacy: minimal, mostly Vercel + Supabase + Plausible analytics. Standalone
/policy/privacypage pending. - Terms: standard "use at your own risk, not advice, no warranty." Standalone
/policy/termspage pending. - Contact: @youngbull on X for now.
09Questions or corrections.
If you spot a factual error in any post, page, or piece of external coverage — ping me on X. Corrections land on the source page within 24 hours.