Notes on lite follow-on 9840. Picked back up after the last review.
Related: rough context 8832, expanded okr 8888.
Cross-section thread: v3 embedding 6201. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Principle → retention → equity. Worth a second pass; the principle angle keeps coming back.
- Equity → infra → vault. Worth a second pass; the equity angle keeps coming back.