The Mark to Market of Cognition

What we’re really pursuing is a mark-to-market of cognition. Not in the abstract—in realized gain. The only thing that matters is whether the thinking converts under constraint, in real time, with a clear definition of wrong.

In most domains you can hide behind process and politics.

In markets, cognition either settles into monetization, or it doesn’t.

The tape is the auditor.

In the end, the only credential that matters is conversion—and the 5W1H of the cycle that produces it.