Terms of the eLearning Platform
§1. General provisions
1.1. These Terms set out the rules for using the educational module of the Elegant Investors platform, referred to below as the eLearning Platform.
1.2. The eLearning Platform is the part of the Platform where the Service Provider makes available the academies, the courses and the other materials listed in paragraph 5. These Terms set out the rules common to all of those materials.
1.3. The conditions of purchase and the duration of access to individual Products are set out in their own terms. The conditions of a subscription are set out in the Terms of the Elegant Learning Paths. The conditions of taking part in a course are set out in the terms of that course. The rules for awarding points, ranks and badges are set out in the terms of awards and distinctions. The rules for publishing content on the forum are set out in the forum terms.
1.4. In matters not covered by these Terms, the Terms and Conditions of Using the Platform apply. Terms written with a capital letter have the meaning given to them there.
§2. Types of materials made available on the eLearning Platform
2.1. The Service Provider makes available three types of materials, which differ in how they are run, how access is acquired and whether they end with a certificate.
2.2. An academy is a collection of lessons run with no end date and added to with new lessons throughout the period of access. An academy does not end with a certificate.
2.3. A course has a closed scope and is divided into sections and lessons. Every course ends with a certificate.
2.4. The other materials are collections of studies devoted to one subject, together with the pages of the remaining Products run in the same place. Paragraph 5 lists them.
2.5. The page of every material on the Platform gives its description, the list of lessons, the approximate study time and an indication of who the material is available to.
§3. The academies
3.1. The Service Provider runs 4 academies, that is Elegant Investors Academy, Elegant Growth Academy, Elegant Alumni Academy and Elegant Circle Academy.
3.2. Elegant Investors Academy is free of charge and is available to every User from the moment the Account is created.
3.3. Elegant Growth Academy is available within Elegant Growth, Elegant Alumni Academy within Elegant Alumni, and Elegant Circle Academy within Elegant Circle.
3.4. The lessons in an academy are self contained, which means that understanding one lesson does not require any other to be worked through first. The order of study is chosen by the User.
3.5. The Service Provider adds new lessons in the academies on an ongoing basis, with no fixed schedule.
3.6. Every lesson in an academy ends with a quiz.
§4. The courses
4.1. The Service Provider runs the Elegant Investor Start course and the courses of the Elegant Investor Premium line.
4.2. The Elegant Investor Start course is intended for people beginning to learn about investing on the stock market and requires no prior preparation.
4.3. The courses of the Elegant Investor Premium line are intended for people who already have a basic knowledge of investing on the stock market, in particular for Users who have completed the Elegant Investor Start course.
4.4. Every course contains quizzes and ends with a certificate.
4.5. After a course is completed, the Service Provider sends a message confirming completion to the email address assigned to the Account.
4.6. The scope of a course, the duration of access to it and the remaining conditions of participation are set out in the separate terms of that course.
§5. The other materials run on the eLearning Platform
5.1. Apart from the academies and the courses, the Service Provider runs collections of studies and the pages of the remaining Products on the eLearning Platform. All of them are in the same place and are covered by the common rules set out in these Terms.
5.2. The collections of studies covered by the Elegant Learning Paths are Elegant Fundamental Analysis, Elegant Investors Glossary, Elegant Investor Notebook, Elegant Investor Decision Traps, Elegant Investor Watchlist and Elegant Investor Perspective.
5.3. Elegant Fundamental Analysis contains discussions of financial indicators and of the financial statements of listed companies. Elegant Investors Glossary contains explanations of terms, abbreviations and the names of stock market indices.
5.4. Elegant Investor Notebook contains forms and checklists intended to be completed by the User herself. Elegant Investor Decision Traps contains materials devoted to errors in the interpretation of financial data.
5.5. Elegant Investor Watchlist contains examples of companies together with the reasons for which a company may be placed under observation. Elegant Investor Perspective contains discussions of current market narratives.
5.6. Elegant Investor Library gathers articles divided into groups matching the individual Elegant Learning Paths. The rules for using it are set out in the Elegant Investor Library terms.
5.7. Elegant Investors Talks is a forum intended for asking questions and exchanging experience. The rules for publishing content are set out in the forum terms.
5.8. Elegant Investor Salon and Elegant Investor Networking cover online meetings. The dates and the rules of participation are set out in the Terms of the Elegant Learning Paths.
5.9. Elegant Investors Consultations and Elegant Analysis Review are services supplied individually at the User's request. Their pages on the eLearning Platform contain the description of the service and supporting materials, and the conditions of supply are set out in the separate terms of those services.
5.10. Elegant Investor Tool is made available together with materials explaining how to operate it. Those materials end with a certificate. The rules for using the Tool are set out in separate terms.
5.11. Which of the materials listed in this paragraph is available within which Elegant Learning Path is set out in the Terms of the Elegant Learning Paths.
5.12. The Service Provider adds to the materials listed in this paragraph on an ongoing basis, with no fixed schedule.
§6. Obtaining access to the materials on the eLearning Platform
6.1. The User obtains access to the materials on the eLearning Platform in one of the three ways given in points 6.2, 6.3 and 6.4.
6.2. Creating an Account opens access to the free materials, that is to Elegant Investors Academy and to the free articles in Elegant Investor Library.
6.3. Buying a course opens access to that course. A course is bought on its page on the Platform, and access is opened once the payment is credited.
6.4. Buying an Elegant Learning Path opens access to the academy and the materials assigned to that learning path, for as long as it lasts.
6.5. Access is assigned to the User's Account and opened automatically.
6.6. The way access is granted and its duration for a particular material are given on its page on the Platform.
§7. The structure of the materials and the forms of a lesson
7.1. The materials are divided into lessons.
7.2. A lesson may take the form of an article read on the Platform, a document to download, a quiz, a recording or an invitation to an online meeting.
7.3. Each lesson gives the approximate time needed to work through it.
7.4. Selected lessons are marked as a preview and may be opened before access to the whole material is obtained.
7.5. The number of lessons in an academy and in the collections listed in paragraph 5 changes and is not part of the contract. The number of lessons in a course is given on the page of that course.
§8. Quizzes and Elegant Karma points
8.1. For completing a quiz the User receives Elegant Karma points.
8.2. The number of points awarded depends on the lesson and on the attempt at which the quiz was completed. The first attempt entitles the User to the highest number of points, and each further attempt to a lower one.
8.3. The number of attempts at a quiz is not limited.
8.4. Elegant Karma points add up and determine the Elegant Rank shown in the User's profile.
8.5. A quiz serves to check that the material has been understood. It is not an examination and not an assessment of the User's readiness to invest.
8.6. The rules for awarding points, ranks and badges are set out in the terms of awards and distinctions.
§9. Certificates
9.1. A certificate is given at the end of every course and of the materials explaining how to operate Elegant Investor Tool. The academies and the other materials do not end with a certificate.
9.2. A certificate is issued once the certification quiz has been completed with a result of at least 80% of the points available.
9.3. The number of attempts at the certification quiz is not limited.
9.4. A certificate is issued as a file to download and is shown in the User's profile.
9.5. A certificate confirms completion of a course on the Platform. It is not an official document and does not grant professional qualifications.
§10. The Elegant Investor profile
10.1. From the moment the first Elegant Karma point is obtained, the Service Provider makes a profile available to the User.
10.2. The profile shows the Elegant Rank, the number of points collected, the date of joining the Platform, the materials the User has access to, study progress, the certificates obtained, the badges and activity on the forum.
10.3. The User may add a photograph, a town, a country and her own description to the profile.
10.4. The profile stays private until the User changes that setting.
10.5. A public profile is shown on the community list and may be opened by the other Users. A private profile is not shown on that list.
10.6. Making a profile public means making the data given in point 10.2 available to the other Users. The User may change that setting at any time.
10.7. The User may view the public profiles of the other Users.
§11. Comments, reviews and votes
11.1. Under a lesson the User may post a comment, next to a course a review, and she may vote on the content posted by the other Users.
11.2. The User obtains the rights given in point 11.1 once she has collected the required number of Elegant Karma points. Posting a comment requires 30 points, casting a vote 30 points, and posting a review of a course 45 points.
11.3. A review of a course may be posted only by a User who has access to that course. The Service Provider does not publish reviews coming from other sources.
11.4. Comments and reviews are visible to the other people who have access to the material concerned.
11.5. The rules for publishing content set out in paragraph 9 of the Terms and Conditions of Using the Platform apply to comments and reviews.
11.6. The Service Provider may remove a comment or a review that breaches the rules given in point 11.5.
§12. Notifications sent from the eLearning Platform
12.1. The Service Provider gives information about a new lesson added in an academy in a message sent to the email address assigned to the Account.
12.2. The Service Provider sends the same message after new material is added in Elegant Investor Notebook, in Elegant Investor Decision Traps, in Elegant Investor Watchlist and in Elegant Investor Perspective.
12.3. Adding materials in the courses and in the other collections does not result in a notification being sent.
12.4. After a course is completed the Service Provider sends a message confirming completion of that course. It sends the same message after the materials explaining how to operate Elegant Investor Tool are completed.
12.5. The notifications given in this paragraph concern materials the User has access to and are not commercial information. Signing up for the newsletter is separate from them.
§13. Sharing the materials
13.1. The User may share free materials on social media and send them to other people. The sharing buttons placed next to a material and next to a single lesson serve this purpose.
13.2. Sharing consists in passing on a link to the material on the Platform. A person who receives the link obtains a view of the material within the scope available to her own Account.
13.3. Paid materials and materials covered by a subscription are intended for the User's own use and may not be shared with people who do not have access to them.
13.4. Copyright and the rules for using the materials are set out in paragraph 19 of the Terms and Conditions of Using the Platform.
§14. Study progress and completion of a material
14.1. The eLearning Platform records study progress, which consists of the lessons worked through and the quiz results.
14.2. A lesson is marked as worked through the moment it is opened or the moment the User marks it, depending on the form of the lesson.
14.3. A course is treated as completed once all the lessons have been worked through and the certification quiz has been completed.
14.4. The academies and the collections listed in paragraph 5 are added to with new materials, so completion refers to the lessons available at a given moment and changes once further ones are added.
14.5. Study progress is visible to the User and to the Service Provider.
14.6. Study progress does not affect the duration of access to a material.
§15. Changes in the materials
15.1. The Service Provider may correct, update and add to published materials.
15.2. The Service Provider may withdraw a single lesson, in particular where its content is no longer up to date.
15.3. Changes materially limiting access to a Product are set out in paragraph 17 of the Terms and Conditions of Using the Platform.
§16. Availability of the eLearning Platform
16.1. The Service Provider makes every effort for the eLearning Platform to work without interruption.
16.2. The Service Provider may introduce technical breaks. It gives information about a planned break on the Platform in advance.
16.3. The technical requirements are set out in paragraph 5 of the Terms and Conditions of Using the Platform.
16.4. If access to a paid material remains impossible for reasons attributable to the Service Provider for longer than 7 days, the User may request that access be extended by the length of the interruption.
§17. End of access
17.1. Access to a material ends on expiry of the time given next to that material, with the end of the subscription covering it, or with deletion of the Account.
17.2. Once access ends the material stops being visible to the User. The material itself stays on the Platform.
17.3. The recorded study progress, the quiz results, the Elegant Karma points collected and the certificates obtained stay on the Account.
17.4. A certificate downloaded earlier stays with the User regardless of the end of access.
§18. Complaints
18.1. Complaints concerning the working of the eLearning Platform and access to the materials are made by the User on the terms set out in paragraph 16 of the Terms and Conditions of Using the Platform.
§19. Changes to these Terms
19.1. The Service Provider may change these Terms for important reasons, in particular after a change in the way the eLearning Platform works or after a change in the law.
19.2. The Service Provider gives information about a change in accordance with paragraph 22 of the Terms and Conditions of Using the Platform.
19.3. The date of the last update is given at the beginning of the document. Previous versions of these Terms are archived.