Gate: adaptive thinking (Sonnet 5 rejects type enabled + budget_tokens with 400); retry Claude without thinking on a rejected thinking config; QA notes record which gate answered
Gate calibrated offline (reviewers' standard rubric; extended thinking; bounded retries; run deadline); triggers refuse sources that include a separated business
Evidence lineage: final-claim lineage, public language only, EvidenceUse conclusion types, NewsEvidenceClaim, qualifier and basis ownership, full guidance table
Damodaran datasets wired in: monthly implied ERP (auto-refresh), country risk premiums, bottom-up industry betas, industry sales-to-capital and margins; market-built cost of equity in the cross-sectional DCF
Damodaran life cycle: consensus-based staging; story FCFF for every operating company; capital release, distress value and zero stable growth in decline; 13F ownership as a state namespace
Label rule stops at sentences, commas and comparison words; peer multiples on an inconsistent currency basis withheld; subject row withheld after a separation
Perimeter as a metric field; consensus reconciled against the USD base (D14); intrinsic label from the producing model; policy-excluded multiples absent; SEC tag recency; token-only persona templates; 10b5-1 rule scoped
