Perfected Stone Press

Disclaimer

Last updated · April 24, 2026 · Effective · April 24, 2026

Preamble

This Disclaimer governs the educational and informational content published by Perfected Stone Press, a sole proprietorship operated by Mike Lenval, located in San Diego, California (“Perfected Stone Press,” “we,” “us,” or “our”), including without limitation The Grand Architect, Volume I: How Wealth Is Actually Structuredand any subsequent volumes, publications, articles, essays, communications, websites, and related materials (collectively, the “Content”).

By accessing, reading, purchasing, downloading, or otherwise using any of the Content, you (“you,” “reader,” or “user”) acknowledge that you have read this Disclaimer, understand it, and agree to be bound by its terms. If you do not agree with any part of this Disclaimer, do not access or use the Content.

This Disclaimer should be read together with our Privacy Policy, Terms of Use, and License Terms. In the event of any conflict between this Disclaimer and another document, the more restrictive provision controls with respect to limitations of liability and disclaimers of warranty.

1. Educational Purpose Only

The Content is provided strictly for general educational and informational purposes. It is intended to describe how certain financial, economic, legal, tax, and institutional structures function based on publicly available information, academic research, regulatory filings, and historical record.

The Content is not and does not purport to be:

  • Investment advice, securities advice, or recommendations to buy, sell, hold, or transact in any security, asset, or financial instrument;
  • Legal advice or the practice of law in any jurisdiction;
  • Tax advice or tax planning services;
  • Financial planning, financial advisory services, or wealth management services;
  • Estate planning advice or trust and estate services;
  • Accounting advice or services;
  • A solicitation, offer, or recommendation to purchase any product, security, or service;
  • An offer to engage Perfected Stone Press or Mike Lenval as an adviser, fiduciary, agent, or representative in any capacity.

Perfected Stone Press is not a registered investment adviser under the U.S. Investment Advisers Act of 1940 or any state equivalent. Mike Lenval is not a Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), licensed attorney, registered broker-dealer representative, or any other licensed financial, legal, or tax professional. No statement in the Content should be interpreted as professional advice rendered by a licensed practitioner.

The Content describes structural principles of how wealth, capital allocation, taxation, and institutional behavior work as observable phenomena. It does not advise any specific reader on what action, if any, they should take with respect to their personal financial, legal, tax, or investment circumstances.

2. No Advisory or Fiduciary Relationship

Reading the Content, purchasing a publication from Perfected Stone Press, subscribing to a newsletter or waitlist, or corresponding with Perfected Stone Press by email or any other channel does not create:

  • An adviser-client relationship of any kind;
  • A fiduciary relationship;
  • An attorney-client relationship;
  • An accountant-client relationship;
  • An agency relationship;
  • Any other professional or quasi-professional relationship that would impose duties of care, loyalty, confidentiality, or competence beyond those expressly stated in our Terms of Use and applicable consumer protection laws.

Perfected Stone Press owes no fiduciary duties to readers, purchasers, or correspondents. Any communication from Perfected Stone Press, including responses to reader inquiries, is general in nature and does not constitute personalized advice tailored to the reader’s circumstances. Readers must independently consult appropriately licensed professionals before acting on any concept, framework, or example discussed in the Content.

3. No Reliance and Independent Judgment

You agree that you will not rely on the Content as the sole basis for any financial, legal, tax, investment, business, estate planning, or other decision affecting your circumstances. You agree to exercise independent judgment, conduct your own research, and consult qualified licensed professionals familiar with your specific situation, applicable law, and current regulatory environment before taking any action.

Decisions made in reliance on the Content alone, without such independent verification and professional consultation, are made entirely at your own risk and on your own responsibility.

4. Past Performance and Forward-Looking Statements

The Content includes historical examples, case studies, statistical data, market histories, and references to past institutional behavior. All such examples are illustrative only.

Past performance does not guarantee, indicate, predict, or imply future results. Historical returns, growth trajectories, asset appreciation, market patterns, institutional outcomes, and structural advantages described in the Content reflect specific historical conditions that may not recur. Markets, regulations, tax law, institutional practices, and economic conditions change continuously and unpredictably. What worked in one period under one set of conditions may not work in another period under different conditions.

Statements concerning future markets, asset classes, structural mechanisms, regulatory environments, institutional behavior, returns, valuations, or outcomes are forward-looking statements based on currently available information and reasoned analysis. Forward-looking statements are inherently uncertain. Actual outcomes may differ materially from anything described or implied in the Content. No guarantee, warranty, or representation is made that any forward-looking statement will prove accurate.

The Content describes structural principles that, in the publisher’s analysis, increase the probability of favorable outcomes over long time horizons under specified conditions. The Content does not promise, warrant, or guarantee any specific result, return, outcome, or benefit to any individual reader in any particular period.

5. No Warranties — AS IS / AS AVAILABLE

THE CONTENT IS PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE.

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, PERFECTED STONE PRESS SPECIFICALLY DISCLAIMS ALL WARRANTIES, INCLUDING WITHOUT LIMITATION:

  • IMPLIED WARRANTIES OF MERCHANTABILITY;
  • IMPLIED WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE;
  • IMPLIED WARRANTIES OF NON-INFRINGEMENT;
  • IMPLIED WARRANTIES ARISING FROM COURSE OF DEALING, COURSE OF PERFORMANCE, OR USAGE OF TRADE;
  • WARRANTIES THAT THE CONTENT IS ACCURATE, COMPLETE, CURRENT, RELIABLE, ERROR-FREE, OR UNINTERRUPTED;
  • WARRANTIES THAT THE CONTENT WILL ACHIEVE ANY PARTICULAR RESULT OR MEET YOUR REQUIREMENTS;
  • WARRANTIES REGARDING THE LEGAL, TAX, OR REGULATORY STATUS OF ANY STRUCTURE, MECHANISM, OR APPROACH DESCRIBED IN THE CONTENT IN ANY JURISDICTION OR AT ANY POINT IN TIME.

Some jurisdictions do not allow the disclaimer of certain implied warranties. To the extent any disclaimer above is held unenforceable in your jurisdiction, the disclaimer applies to the maximum extent permitted by law in that jurisdiction.

6. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL THE TOTAL CUMULATIVE LIABILITY OF PERFECTED STONE PRESS, MIKE LENVAL, OR ANY CONTRIBUTOR, AGENT, AFFILIATE, OR REPRESENTATIVE THEREOF (COLLECTIVELY, THE “RELEASED PARTIES”), ARISING OUT OF OR RELATING TO THE CONTENT, THIS DISCLAIMER, OR YOUR USE OF ANY PERFECTED STONE PRESS PUBLICATION OR SERVICE, EXCEED THE GREATER OF:

(A) THE TOTAL AMOUNT YOU PAID TO PERFECTED STONE PRESS FOR THE SPECIFIC PUBLICATION OR SERVICE GIVING RISE TO THE CLAIM IN THE TWELVE (12) MONTHS PRECEDING THE EVENT GIVING RISE TO LIABILITY; OR

(B) ONE HUNDRED U.S. DOLLARS ($100.00).

THIS LIMITATION APPLIES TO ALL CLAIMS, WHETHER IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, BREACH OF WARRANTY, MISREPRESENTATION, OR ANY OTHER LEGAL THEORY, AND APPLIES EVEN IF ANY RELEASED PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR IF A LIMITED REMEDY IS DEEMED TO HAVE FAILED OF ITS ESSENTIAL PURPOSE.

IN NO EVENT SHALL THE RELEASED PARTIES BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES OF ANY KIND, INCLUDING WITHOUT LIMITATION DAMAGES FOR LOST PROFITS, LOST REVENUES, LOST DATA, LOST OPPORTUNITIES, LOST GOODWILL, INVESTMENT LOSSES, MARKET LOSSES, TAX PENALTIES, OR ANY OTHER ECONOMIC OR NON-ECONOMIC LOSS, REGARDLESS OF THE CAUSE.

Some jurisdictions do not allow the limitation or exclusion of liability for certain damages, including incidental or consequential damages. In those jurisdictions, the liability of the Released Parties is limited to the maximum extent permitted by law.

The greater-of formulation in clause (B) above is intended to ensure that the limitation of liability is not nominal in relation to the price of any individual publication, and to reduce the risk that the limitation would be deemed commercially unreasonable. You acknowledge that the price paid for any Perfected Stone Press publication reflects the allocation of risk set forth in this Disclaimer, and that without such allocation, the price would necessarily be substantially higher.

7. Forward-Looking Statements and Legal/Regulatory Risk

Many of the structural mechanisms described in the Content depend on current statutory, regulatory, and institutional frameworks that are subject to change. Examples include but are not limited to: the U.S. Internal Revenue Code (including provisions on capital gains rates, qualified business income deductions, 1031 exchanges, step-up in basis under IRC §1014, and pass-through taxation), Securities and Exchange Commission rules, Federal Reserve policy, asset-class regulatory classifications, estate and gift tax thresholds, and the legal status of various entity structures.

Legislative proposals affecting many of these provisions are introduced regularly, and the law as it exists at the time of publication may be modified, limited, or eliminated. Any structure or strategy informed by Content must be re-evaluated by qualified professionals against current law at the time of any actual decision. Reliance on Content as a description of current law is appropriate only as of the publication date and only as a starting point for professional consultation, not as a final answer.

8. Third-Party References, Endorsements, and Trademarks

The Content references third-party companies, institutions, governmental bodies, regulatory agencies, academic researchers, historical figures, and publications, including without limitation BlackRock, Inc., The Vanguard Group, Inc., State Street Corporation, Engine No. 1 LLC, ExxonMobil Corporation, Lloyd’s of London, the Medici Bank, the Dutch East India Company (Vereenigde Oostindische Compagnie), the Federal Reserve System, the U.S. Internal Revenue Service, the U.S. Securities and Exchange Commission, DALBAR, Inc., the Williams Group, peer-reviewed journals such as the Boston University Law Review and Business and Politics, and individuals such as Benjamin Franklin, Sir Isaac Newton, Robert Clive, John Bogle, Lucrezia Bebchuk, Jan Fichtner, Williams and Preisser, and others.

All such references are made solely for educational, analytical, and illustrative purposes based on publicly available information, academic research, regulatory filings, and the historical record. Because the Content references specific institutions, individuals, and organizations by name, this Disclaimer expressly disclaims any affiliation, endorsement, sponsorship, partnership, association, or approval by any such party. The use of any third-party name, mark, or reference does not indicate any review or approval by such third party of the Content or of Perfected Stone Press.

All trademarks, service marks, registered trademarks, and trade names referenced in the Content are the property of their respective owners. Use of these marks for descriptive, analytical, or comparative purposes constitutes nominative fair use under applicable U.S. trademark law and does not assert ownership, license, or affiliation.

9. Testimonials, Endorsements, and Reader-Submitted Content

Any testimonials, reviews, endorsements, case studies, or reader-submitted content that may appear on perfectedstone.com, in promotional materials, in advertising, on social media platforms, or in any communication associated with Perfected Stone Press reflect the individual experiences and opinions of the persons providing them at the time provided.

Such testimonials and endorsements:

  • Do not represent typical results;
  • Do not guarantee, predict, or imply that any reader will achieve similar outcomes;
  • Reflect circumstances, effort, judgment, and contingencies specific to the individual that cannot be replicated;
  • Are not solicited or compensated unless expressly disclosed.

Where required by the U.S. Federal Trade Commission’s Endorsement Guides (16 C.F.R. Part 255), material connections between any endorser and Perfected Stone Press will be disclosed at the point of publication of the testimonial or endorsement.

Results vary by individual. Most readers who acquire educational content of any kind do not act on it. Most who do act on it experience outcomes substantially different from those described in any specific testimonial. Outcomes depend on factors entirely beyond the control of Perfected Stone Press, including individual circumstances, market conditions, regulatory environment, professional advice obtained, discipline of execution, and elements of randomness.

10. Jurisdiction-Specific Considerations

The Content describes mechanisms and structures operating primarily under United States federal law and the laws of various U.S. states. Tax law, securities law, business entity law, estate and trust law, and consumer protection law vary materially by jurisdiction.

Readers located outside the United States, or readers whose circumstances involve foreign jurisdictions, must consult qualified local professionals before applying or relying on any concept discussed in the Content. The publisher makes no representation that any structure, strategy, or mechanism described is available, lawful, advisable, or operative under the laws of any jurisdiction other than as expressly stated in the Content with respect to specific U.S. provisions.

This Disclaimer applies to readers in all jurisdictions. To the extent any provision is unenforceable in a particular jurisdiction, that provision shall be modified to the minimum extent necessary to make it enforceable, and the remainder of this Disclaimer shall continue in full force and effect.

11. Indemnification

You agree to indemnify, defend, and hold harmless the Released Parties from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys’ fees) arising out of or relating to: (a) your use of or reliance on the Content; (b) your violation of this Disclaimer, our Terms of Use, or our License Terms; (c) any decision you make in reliance on the Content; or (d) your violation of any applicable law or any rights of any third party.

12. Severability and No Waiver

If any provision of this Disclaimer is held unenforceable, invalid, or contrary to law by a court of competent jurisdiction or arbitrator, that provision shall be modified to the minimum extent necessary to render it enforceable, or, if no such modification is possible, severed from this Disclaimer, with the remainder continuing in full force and effect.

No waiver of any provision of this Disclaimer shall be deemed a further or continuing waiver of such provision or any other provision. The failure of Perfected Stone Press to assert any right or provision under this Disclaimer shall not constitute a waiver of such right or provision.

13. Modifications

Perfected Stone Press may modify this Disclaimer at any time by posting an updated version at perfectedstone.com/disclaimer. Modifications take effect upon posting. The “Last updated” date at the top of this Disclaimer indicates when the most recent modification was made. Material changes will be communicated by reasonable means, which may include posting a notice on the website or, where an active mailing list exists, by email.

Your continued use of the Content following the posting of any modification constitutes acceptance of the modified Disclaimer. If you do not agree to a modification, your sole remedy is to discontinue use of the Content.

14. Governing Law and Dispute Resolution

This Disclaimer is governed by and construed in accordance with the laws of the State of California, United States of America, without regard to its conflict of laws principles. The United Nations Convention on Contracts for the International Sale of Goods does not apply.

Any dispute, claim, or controversy arising out of or relating to the Content, this Disclaimer, our Terms of Use, our License Terms, or your use of any Perfected Stone Press publication or service shall be resolved as set forth in our Terms of Use, which provide for binding individual arbitration, class action waiver, and a small claims court carve-out, all governed by the Federal Arbitration Act and applicable California law.

For disputes not subject to arbitration under the Terms of Use, the state and federal courts located in San Diego County, California shall have exclusive jurisdiction and venue, and you consent to personal jurisdiction in those courts.

15. Entire Agreement

This Disclaimer, together with our Privacy Policy, Terms of Use, and License Terms, constitutes the entire agreement between you and Perfected Stone Press concerning the Content and supersedes any prior or contemporaneous communications, representations, or agreements, whether oral or written, on the subject matter hereof.

16. Contact

For questions about this Disclaimer, please contact:

Perfected Stone Press
San Diego, California
Email: legal@perfectedstone.com

This Disclaimer is provided in English. Translations, if any, are for convenience only; the English version controls in case of any conflict.

By accessing, reading, purchasing, or using the Content, you acknowledge that you have read, understood, and agreed to this Disclaimer in its entirety.