Valuation reporting

The analysis is done. Every number sits in an artifact on disk. What remains is the part the decision-maker actually reads, and it is the part most often written badly.

Two failures dominate. The first is the data dump: forty pages of tables with the answer buried on page thirty-one. The second is false confidence: one number to the cent, no range, no disclosure of what the critic found. This skill exists to prevent both.

The report is written by the investment-reconciler, which owns 11-verdict/REPORT.md and 11-verdict/verdict.json. It reads every other artifact and writes no other file. That ownership rule has a direct consequence for style, covered under "Pull, never recompute" below.

The templates

One template per analysis mode. Read the one that matches mandate.json.mode before drafting. Each gives the sections in order, what belongs in each, and which artifact supplies each number.