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Post-Mortem

A structured review after a position is closed, examining what the thesis said, what actually happened, which assumptions held and which broke, and what was learnable for future work. Post-mortems are the source of compound improvement in an analyst's process over time; without them, the same errors recur because nothing forces the analyst to look back. The discipline is to write a brief post-mortem on EVERY closed position -- winners and losers -- because winners are where overconfidence accumulates.

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Active Management · Active Share · AI Revenue · Anchoring Bias · Cost of Capital · Creation Unit

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