Educational publication only. Not investment, tax, or legal advice. No fiduciary relationship. Hypothetical / paper results do not indicate future performance. Full disclaimer
This classroom is an educational publication, not advice. Study tools, labs, and paper results stay hypothetical. Read the disclaimer.
Phase 3 of 5
Votes and notes as instruments. One book for every student.
Treat model votes and research notes as instruments, not orders. See how a tally is built. Part of the 22-lesson GESH Learn investing course.
Watch a voting rule produce a lean — and refuse to hear BUY in it.
Treat fluent text as untrusted until a price is on the table. Empty news abstains.
Fluent text is cheap now. This lesson gives you an auditing procedure that works on any note, from any model, and does not need updating when the models improve.
13 min
Auditing someone else's note is easy — nothing in it tempts you. Writing your own is where the line gets crossed, usually in the last sentence, usually by grammar rather than by claim.
12 min
Understand why every student sees the same model book.
Impersonal, bona fide, generally circulated. Three tests decide whether a thing is a publication or an adviser, and the feature this product refuses is refused because of exactly one of them.
13 min
The classroom book holds eight positions and behaves like fewer than two. This lesson does the arithmetic that shows why, and retires the number that hid it.
14 min