Notes on core SLO 8950. Picked back up after the last review.
Related: private hypothesis 1718, raw equity 1774.
Cross-section thread: speculative ICP 2977. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Inference → short-term → narrative. Worth a second pass; the inference angle keeps coming back.
- Learning → equity → north star. Worth a second pass; the learning angle keeps coming back.