Three cash figures — only one is powder

Settled deployable cash, leveraged buying power, and a margin cash line that can print negative. Studying the wrong one is how books lie about their size.

What you will be able to do

After this lesson you can name the three cash figures on a dashboard, say which one is the sizing base and why, show that a “10% position” means three different amounts depending on the denominator, and explain why the three figures must never be added or averaged.

Inside this lesson

Three numbers, one question
Why buying power flatters
The line that can go negative
Percent of what?
Now move it yourself
The handover nobody announces
The word “settled” is doing work
Why the base matters more than the size
What the classroom will do

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.