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Privacy policy

This is a static website operated by Li Liang. It collects the minimum data needed to run analytics and the newsletter.

What is collected

  • Server logs. The web server records each request: the page or file asked for, the time, the status, the browser's user-agent string, the referring page if the browser sends one, and the IP address. Raw logs are kept for 90 days on a server operated by Li Liang and then deleted. A nightly process turns them into counts of visitors and pages. To count visitors without identifying anyone, it replaces the IP address and user agent with a one-way hash whose key changes every day and is then discarded, so the same person cannot be recognized from one day to the next.
  • Site events. Submitting the newsletter or waitlist form, and searching the site, each record one entry in the same server log with the form's tag or the search words. No email address is stored in that log.
  • Newsletter. If you subscribe, your email address is sent directly to Buttondown, which acts as a data processor and sends the newsletter on this site's behalf. Buttondown's own privacy policy governs how it handles that address.

What is not collected

No accounts, no passwords, no payment information, and no sale of personal data to third parties.

Cookies

No cookies and no local storage are used to measure visitors. The only cookie on this site belongs to the private statistics page used by the site owner after signing in, and it is never set for a reader. No advertising cookies are used.

Your choices

You can unsubscribe from the newsletter at any time using the link in any issue. Because measurement happens in the server log rather than in your browser, there is no script to block; the daily key rotation is what keeps the record from identifying you.

Contact

Questions about this policy can be sent through the newsletter reply address once the newsletter is live.

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Return, time, and what you keep. Investing methods measured after tax and fees, for people with taxable accounts and the advisers who serve them. Education, not advice.

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