When a lean loses to a cap

Five constructive leans, zero fills. Not an unlucky day — the arithmetic says a capped process overrules its sizing formula across the entire range anyone would operate in.

What you will be able to do

After this lesson you can explain why a gate refusing a lean is not a contradiction between two instruments, compute how often a position cap binds against a Kelly-derived size, and write the honest one-line record of a day on which nothing happened.

Inside this lesson

Five leans, zero fills
How often does the rule win? Almost always
So what is the formula for?
What to write when nothing happens

This lesson is on Scholar

Audit includes orientation and the two-rooms lesson. The rest of the path is paid course access — still education, still not advice.

Included on Scholar · $79/month tuition.