freebirdcapital
Section LegalUpdated 10/2026

Privacy and disclaimer

No cookies, no tracking, not investment advice.

Controller

David Krause, C/ Sol No. 8, 04660 Arboleas (Almería), Spain · d.krause@freebirdcapital.org

What data is processed

This website is a static HTML site. It sets no cookies, uses no analytics or tracking tools, embeds no third-party content and serves all fonts from its own server. The calculators run entirely in your browser; inputs are neither stored nor transmitted.

Hosting

The website is hosted by Netlify, Inc., 512 2nd Street, Suite 200, San Francisco, CA 94107, USA. When the site is accessed, Netlify processes technically necessary access data (IP address, time, page accessed, browser type) in server logs to deliver the site and protect it against attacks. The legal basis is the legitimate interest in secure operation (Art. 6(1)(f) GDPR). Transfers to the USA are based on appropriate safeguards under Art. 44 et seq. GDPR (EU-US Data Privacy Framework or EU Standard Contractual Clauses). Details: netlify.com/privacy.

If you write to me by email, I process your details only to answer your message (Art. 6(1)(f) GDPR) and delete them once the exchange is complete.

Your rights

You have the right of access, rectification, erasure, restriction of processing, data portability and objection, and the right to lodge a complaint with a data protection supervisory authority.

Disclaimer

Not investment advice

All content is for information and education only. It is not investment advice, not financial analysis within the meaning of securities trading law and not a solicitation to buy or sell securities. Rules and procedures described reflect the author's personal approach and are not tailored to anyone else's circumstances.

Model calculations simplify deliberately. Past performance is not a reliable indicator of future results. Investing in shares involves risks up to and including total loss. Where individual companies are discussed as case studies, the author's own holdings are disclosed.

Liability for links

The operators of linked external sites are solely responsible for their content. Links will be removed upon notice of any infringement.

The German version is authoritative: Datenschutz und Haftungsausschluss.

David Krause
David Krause
Graduate industrial engineer (Dipl.-Wirtschaftsingenieur), 15+ years of costing, cost accounting and plant controlling in manufacturing. Here he asks the same questions from the outside: what does a company earn on its capital, and what may it cost?