Working doc on 2026-09-05 moat. Open questions inline.
Related: 2024-01-17 term sheet, 2026-09-17 vault.
Cross-section thread: annual kpi 9217. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Agent → retrieval → demo. Worth a second pass; the agent angle keeps coming back.
- Hypothesis → context → ritual. Worth a second pass; the hypothesis angle keeps coming back.
Decisions: shipped the feature flag, rolled back the SLO tweak, queued the postmortem for next week.