Execution-Based Finance: Time Is Relative
The entire financial industry is built on the illusion that time moves in a straight line.
That performance is measured over months.
That edge plays out over quarters.
That volatility must be “smoothed” across time.
Every metric —
Sharpe to Alpha,
Return on Investment.
Time-Weighted Return
— embeds the assumption that time is fixed, steady, and absolute.
But physics — and Einstein — would disagree.
Time is not absolute.
It’s relative.
It bends.
It dilates.
It compresses.
In markets, we see this when one second contains more truth than an entire week.
When a single entry — perfectly timed — can outperform hours of random exposure.
So what happens to financial theory when the core variable of time is no longer linear?
It shatters.
And with it, the legacy metrics that depended on linear time collapse too.
That’s Where CRRR and ROR Come In
Cash Flow Return on Risk Rented (CRRR) isn’t just a metric.
It detaches return from duration.
It doesn’t care how long you held.
It only cares how precisely you entered and exited.
Return on Rented risk (ROR) does the same.
It turns capital from something hoarded into something deployed — like a surgical tool, not a passive asset.
These metrics are built for a different model of time —
Not the calendar… but the moment.
They reflect a world where edge is engineered and truth is immediate.
A world where one second of real alignment is worth more than days of hopeful holding.
Real-time truth reveals that edge isn’t earned over months.
It’s executed in seconds.
It collapses time.
It collapses theory.
And in doing so — it may collapse identity.