Thesis Tracker

Two verdicts per update, because they move apart: the company thesis says whether the business is doing what we underwrote, and the security call says whether the stock is a decision we can act on today. A business can improve while the stock gets worse, since expectations rerate faster than evidence arrives, and a weakening business does not license a trim when we hold no price, no valuation frame and no position context. One status column hides both cases.

Evidence labels, source tiers, staleness, the readiness posture and the intake limits: .agents/skills/research-conventions/SKILL.md, read before the first deliverable.

The tracker is append-only. Prior pillars, thresholds and ledger rows stay as written; a row that no longer holds is marked superseded or stale with its date, or contradicted by a named later row, and the replacement is a new row. Drift is only visible against a history that was not edited, and catching drift is what the tracker is for.

Step 1: Take the mode, then frame the thesis and its pillars

The mode comes from what the user supplies, and its default runs without asking.