alphacouncil-agent 0.9.2 → 1.0.0

package/knowledge/solo-test/masters/master_graham/decision_policy.json

@@ -2,7 +2,28 @@
   "abstention_policy": "fail_closed",
   "dsl_version": "1.1",
   "eligibility": {
-    "all": []
+    "all": [
+      {
+        "condition": {
+          "op": "exists",
+          "value": {
+            "fact_id": "financial.leverage"
+          }
+        },
+        "condition_id": "master_graham.balance_sheet_claims_resolvable",
+        "on_false": {
+          "common_stance": "out_of_scope",
+          "native_state": "provisional_insufficient_floor"
+        },
+        "on_uncomputable": {
+          "common_stance": "out_of_scope",
+          "native_state": "provisional_insufficient_floor"
+        },
+        "source_ids": [
+          "proxy:efc142652d20dd68c"
+        ]
+      }
+    ]
   },
   "fact_gate": {
     "on_missing_critical": {
@@ -10,21 +31,74 @@
       "native_state": "provisional_insufficient_floor"
     }
   },
-  "hard_vetoes": [],
+  "hard_vetoes": [
+    {
+      "condition": {
+        "left": {
+          "fact_id": "financial.net_current_asset_value"
+        },
+        "op": "lte",
+        "right": {
+          "literal": 0
+        }
+      },
+      "on_trigger": {
+        "common_stance": "out_of_scope",
+        "native_state": "provisional_insufficient_floor"
+      },
+      "on_uncomputable": {
+        "action": "abstain",
+        "decision": {
+          "common_stance": "out_of_scope",
+          "native_state": "provisional_insufficient_floor"
+        }
+      },
+      "source_ids": [
+        "proxy:efc142652d20dd68c"
+      ],
+      "veto_id": "master_graham.no_asset_floor"
+    },
+    {
+      "condition": {
+        "left": {
+          "fact_id": "financial.interest_coverage"
+        },
+        "op": "lt",
+        "right": {
+          "literal": 5
+        }
+      },
+      "on_trigger": {
+        "common_stance": "opposed",
+        "native_state": "provisional_reject"
+      },
+      "on_uncomputable": {
+        "action": "abstain",
+        "decision": {
+          "common_stance": "out_of_scope",
+          "native_state": "provisional_insufficient_floor"
+        }
+      },
+      "source_ids": [
+        "proxy:efc142652d20dd68c"
+      ],
+      "veto_id": "master_graham.fixed_charge_coverage_failure"
+    }
+  ],
   "native_decision_schema": "margin_of_safety_v1",
   "native_output_fields": [
     {
       "field": "metric_1",
       "on_missing": "fail",
       "value": {
-        "output_id": "financial.net_current_asset_value"
+        "output_id": "valuation.graham_hurdle_base.master_graham"
       }
     },
     {
       "field": "metric_2",
       "on_missing": "fail",
       "value": {
-        "output_id": "financial.normalized_earnings"
+        "output_id": "valuation.graham_half_earnings_yield.master_graham"
       }
     }
   ],
@@ -52,14 +126,14 @@
     },
     {
       "decision": {
-        "common_stance": "cautious",
+        "common_stance": "constructive",
         "native_state": "provisional_margin_of_safety"
       },
       "min_ratio": 1
     }
   ],
   "scoring": {
-    "max_score": 2,
+    "max_score": 3,
     "min_coverage": 1,
     "on_insufficient_coverage": {
       "common_stance": "out_of_scope",
@@ -69,16 +143,33 @@
       {
         "condition": {
           "left": {
-            "output_id": "financial.net_current_asset_value"
+            "output_id": "valuation.graham_half_earnings_yield.master_graham"
           },
-          "op": "gt",
+          "op": "gte",
           "right": {
-            "literal": 0
+            "fact_id": "macro.aaa_corporate_yield"
+          }
+        },
+        "coverage_weight": 1,
+        "points": 1,
+        "rule_id": "graham_earnings_yield_twice_aaa",
+        "source_ids": [
+          "proxy:efc142652d20dd68c"
+        ]
+      },
+      {
+        "condition": {
+          "left": {
+            "output_id": "valuation.graham_half_earnings_yield.master_graham"
+          },
+          "op": "gte",
+          "right": {
+            "literal": 0.03335
           }
         },
         "coverage_weight": 1,
         "points": 1,
-        "rule_id": "proxy_score_1",
+        "rule_id": "graham_defensive_price_to_earnings",
         "source_ids": [
           "proxy:efc142652d20dd68c"
         ]
@@ -86,7 +177,7 @@
       {
         "condition": {
           "left": {
-            "output_id": "financial.normalized_earnings"
+            "fact_id": "financial.net_current_asset_value"
           },
           "op": "gt",
           "right": {
@@ -95,7 +186,7 @@
         },
         "coverage_weight": 1,
         "points": 1,
-        "rule_id": "proxy_score_2",
+        "rule_id": "graham_working_capital_floor",
         "source_ids": [
           "proxy:efc142652d20dd68c"
         ]

package/knowledge/solo-test/masters/master_graham/doctrine.jsonl

@@ -1,6 +1,6 @@
 {"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Establish an asset or normalized-earnings floor and require a human-adjudicated margin of safety before taking equity risk.","rule_id":"proxy_rule_1","source_ids":["proxy:efc142652d20dd68c"]}
-{"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Rebuild net-current-asset and liquidation floors after senior claims.","rule_id":"proxy_rule_2","source_ids":["proxy:efc142652d20dd68c"]}
-{"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Normalize earnings across a documented cycle without forward leakage.","rule_id":"proxy_rule_3","source_ids":["proxy:efc142652d20dd68c"]}
+{"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Five years of market capitalisation at twice the defensive hurdle.","rule_id":"proxy_rule_2","source_ids":["proxy:efc142652d20dd68c"]}
+{"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Half the annualised normalised earnings yield.","rule_id":"proxy_rule_3","source_ids":["proxy:efc142652d20dd68c"]}
 {"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Decline when assets and senior claims cannot be independently reconstructed.","rule_id":"proxy_rule_4","source_ids":["proxy:efc142652d20dd68c"]}
 {"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Reject when price lacks a reviewed discount to the conservative floor.","rule_id":"proxy_rule_5","source_ids":["proxy:efc142652d20dd68c"]}
 {"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Reject a static bargain whose realizable floor is demonstrably shrinking.","rule_id":"proxy_rule_6","source_ids":["proxy:efc142652d20dd68c"]}

package/knowledge/solo-test/masters/master_graham/manifest.json

@@ -16,6 +16,10 @@
     ],
     "native_decision_schema": "margin_of_safety_v1",
     "optional_fact_types": [
+      "financial.leverage",
+      "financial.net_current_asset_value",
+      "financial.interest_coverage",
+      "macro.aaa_corporate_yield",
       "financial.tangible_book_value",
       "financial.normalized_earnings",
       "financial.balance_sheet_claims",
@@ -23,7 +27,9 @@
       "market.price_to_floor"
     ],
     "required_fact_types": [
-      "financial.net_current_asset_value"
+      "market.price",
+      "capital_allocation.share_count",
+      "financial.free_cash_flow_5y"
     ]
   },
   "components": {
@@ -44,8 +50,8 @@
   "computation": {
     "dsl_version": "1.1",
     "pipeline": [
-      "master_graham.asset_floor",
-      "master_graham.normalized_earnings"
+      "master_graham.defensive_hurdle_base",
+      "master_graham.half_normalised_earnings_yield"
     ]
   },
   "decision": {
@@ -53,7 +59,9 @@
     "common_projection": "common_stance_v1",
     "confidence_calibrator": null,
     "eligibility": [
-      "financial.net_current_asset_value"
+      "market.price",
+      "capital_allocation.share_count",
+      "financial.free_cash_flow_5y"
     ],
     "hard_vetoes": [
       "master_graham.no_asset_floor",
@@ -76,11 +84,15 @@
     "maturity": "operator_lens",
     "operator_label": {
       "en": "Graham Lens Provisional Operator Lens",
+      "ja": "Graham Lens 暫定オペレーター・レンズ",
+      "ko": "Graham Lens 임시 오퍼레이터 렌즈",
       "zh": "格雷厄姆视角临时操作视角"
     },
     "persona_id": "master_graham",
     "public_label": {
       "en": "Graham Lens Solo Test",
+      "ja": "Graham Lens 単独テスト",
+      "ko": "Graham Lens 단독 테스트",
       "zh": "格雷厄姆视角单人测试"
     },
     "source_cutoff": "2026-07-27"
@@ -91,7 +103,7 @@
     "leak_rule": "public_at <= as_of AND memory_created_at <= as_of",
     "postmortem_horizon_days": 90
   },
-  "pack_version": "0.9.2",
+  "pack_version": "0.9.4",
   "research": {
     "mandatory_disconfirming_queries": [
       "Decline when assets and senior claims cannot be independently reconstructed.",
@@ -108,16 +120,22 @@
   "schema_version": 3,
   "selection": {
     "best_for": {
-      "en": "Testing deterministic behavior in deep_value, asset_backed_securities, normalized_earnings, distressed_equity",
-      "zh": "用于测试确定性行为：deep_value、asset_backed_securities、normalized_earnings、distressed_equity"
+      "en": "Deep value, asset-backed securities, normalized earnings, and distressed equities.",
+      "ja": "ディープバリュー、資産裏付け証券、平準化利益、ディストレスト株式。",
+      "ko": "딥 밸류, 자산 담보 증권, 정상화 이익, 부실 기업 주식.",
+      "zh": "深度价值、资产支撑证券、正常化盈利与困境股权。"
     },
     "identity": {
       "en": "Graham Lens; project-derived and not human reviewed",
+      "ja": "Graham Lens。プロジェクト派生で、方法帰属について人による審査を受けていない暫定オペレーター・レンズ。本人の発言や現在の見解ではない。",
+      "ko": "Graham Lens. 프로젝트에서 파생되었고 방법 귀속에 대한 인적 심사를 거치지 않은 임시 오퍼레이터 렌즈다. 본인의 발언이나 현재 견해가 아니다.",
       "zh": "格雷厄姆视角；项目派生、未经人工审定"
     },
     "method": {
       "en": "Establish an asset or normalized-earnings floor and require a human-adjudicated margin of safety before taking equity risk.",
-      "zh": "Establish an asset or normalized-earnings floor and require a human-adjudicated margin of safety before taking equity risk."
+      "ja": "資産価値または平準化利益に基づく下限を設定し、株式リスクを取る前に、人による審査を経た安全余裕を求める。",
+      "ko": "자산 가치 또는 정상화 이익에 기반한 하한을 설정하고, 주식 위험을 감수하기 전에 사람의 심사를 거친 안전마진을 요구한다.",
+      "zh": "先计算资产和盈利下限，再要求价格留下足够安全边际。"
     }
   },
   "voice": {

package/knowledge/solo-test/masters/master_graham/provisional-index.json

@@ -16,7 +16,7 @@
   ],
   "experiment_pass_count": 0,
   "formula_approval_binding_count": 0,
-  "formula_compilation_manifest_hash": "sha256:7265b10a67bd0437af02572176793ef0b8529e48437edc5a2e0b1b1b9fbe73d0",
+  "formula_compilation_manifest_hash": "sha256:fc8afd469d9cafccccc4221622ccde5061167c538ab6472eecaaf65efce5461b",
   "method_model_eligible": false,
   "native_states": [
     "provisional_insufficient_floor",
@@ -26,8 +26,8 @@
   ],
   "persona_id": "master_graham",
   "planned_tool_ids": [
-    "master_graham.asset_floor",
-    "master_graham.normalized_earnings"
+    "master_graham.defensive_hurdle_base",
+    "master_graham.half_normalised_earnings_yield"
   ],
   "production_eligible": false,
   "review_status": "not_human_reviewed",

package/knowledge/solo-test/masters/master_graham/sources.jsonl

@@ -1 +1 @@
-{"adjudication":{"notes":"No human review, no named-method attribution, no production effect.","reviewer_ids":[],"status":"pending"},"author":"AlphaCouncil project build specification","content_hash":"sha256:bdcc3b1f5df4d4fe7c43a69e39dbb6254d778a48aa468c9f79d2a6e99e76e380","grade":"E","known_at":"2026-07-27","locator":{"section":"master_graham"},"public_at":"2026-07-27","published_at":"2026-07-27","retrieved_at":"2026-07-27","schema_version":1,"source_id":"proxy:efc142652d20dd68c","source_kind":"derived_proxy","summary":"Project-authored provisional proxy used only to exercise the deterministic solo-test build; it is not source approval or method attribution.","supports":["solo_test_structure","deterministic_execution_only"],"title":"Provisional project-derived method hypothesis for master_graham","url":"https://github.com/Zhao73/alphacouncil-agent/blob/main/data/persona-v3-build-specs.v1.mjs"}
+{"adjudication":{"notes":"No human review, no named-method attribution, no production effect.","reviewer_ids":[],"status":"pending"},"author":"AlphaCouncil project build specification","content_hash":"sha256:58956bd51f2d0def95a8dad29f998a37b9e068b782de3b5c20731b7c1ad5508a","grade":"E","known_at":"2026-07-27","locator":{"section":"master_graham"},"public_at":"2026-07-27","published_at":"2026-07-27","retrieved_at":"2026-07-27","schema_version":1,"source_id":"proxy:efc142652d20dd68c","source_kind":"derived_proxy","summary":"Project-authored provisional proxy used only to exercise the deterministic solo-test build; it is not source approval or method attribution.","supports":["solo_test_structure","deterministic_execution_only"],"title":"Provisional project-derived method hypothesis for master_graham","url":"https://github.com/Zhao73/alphacouncil-agent/blob/main/data/persona-v3-build-specs.v1.mjs"}

package/knowledge/solo-test/masters/master_graham/tools.json

@@ -1,12 +1,32 @@
 [
   {
     "assurance_class": "provisional_derived_proxy",
-    "derivation_evidence_hash": "sha256:ab278afe4a2667e545e3530a45b7ecd01c975b84107509da7154d2632d4b95e3",
-    "derivation_spec_hash": "sha256:39b4f21e95e0e5c177f8d31ca6d2278269e2d61ecdb9e88a412490ee7dbafb50",
-    "derivation_spec_id": "master_graham.asset_floor.prototype_v1.derived_proxy_v1",
+    "derivation_evidence_hash": "sha256:58a11a759f6b85265e101f0f52c4e661cc290fce369d102014db2ce093478dbd",
+    "derivation_spec_hash": "sha256:93743011ae0f60856ed031b96996f4d04a611c214cdd7ff2216cbc0f9e3eb90e",
+    "derivation_spec_id": "master_graham.defensive_hurdle_base.prototype_v1.derived_proxy_v1",
     "dsl_version": "1.1",
-    "id": "master_graham.asset_floor",
+    "id": "master_graham.defensive_hurdle_base",
     "input_contracts": [
+      {
+        "on_missing": "fail",
+        "period": {
+          "alignment": "as_of",
+          "basis": "instant",
+          "window": null
+        },
+        "unit": "currency_units",
+        "value_kind": "monetary"
+      },
+      {
+        "on_missing": "fail",
+        "period": {
+          "alignment": "as_of",
+          "basis": "duration",
+          "window": "P1Y"
+        },
+        "unit": "shares",
+        "value_kind": "count"
+      },
       {
         "on_missing": "fail",
         "period": {
@@ -18,41 +38,57 @@
         "value_kind": "scalar"
       }
     ],
-    "input_schema_hash": "sha256:26d982760423c7f0b54dd2922f5be604d57ff626de6da213f24e0179d8f2d932",
+    "input_schema_hash": "sha256:21d2922ac1be24399b6edb9b0d0e221c0e4177a237cc3e2582ffc7483f336f2e",
     "inputs": [
       {
-        "fact_id": "financial.net_current_asset_value"
+        "fact_id": "market.price"
+      },
+      {
+        "fact_id": "capital_allocation.share_count"
+      },
+      {
+        "literal": 10
       }
     ],
     "intended_use": "local_test_only",
-    "kind": "transform",
+    "kind": "recomputation",
     "on_missing": "fail",
-    "operation": "identity",
-    "output_id": "financial.net_current_asset_value",
+    "operation": "multiply",
+    "output_id": "valuation.graham_hurdle_base.master_graham",
     "output_period": {
       "alignment": "as_of",
       "basis": "instant",
       "window": null
     },
-    "output_schema_hash": "sha256:d00d30510fab2092d78e440726cb377ad180331fbeac2852a4c58ee0de94817c",
+    "output_schema_hash": "sha256:ae9edb6f825d6045495a70a90239f526ed41d57a156ffe1e180e88a4fd7e35ed",
     "production_eligible": false,
     "review_status": "not_human_reviewed",
     "schema_version": 1,
     "source_ids": [
       "proxy:efc142652d20dd68c"
     ],
-    "unit": "derived_proxy_scalar",
-    "value_kind": "scalar",
-    "version": "0.1.0"
+    "unit": "currency_units",
+    "value_kind": "monetary",
+    "version": "0.2.0"
   },
   {
     "assurance_class": "provisional_derived_proxy",
-    "derivation_evidence_hash": "sha256:61e7b2bfcef7c29c74becce76fe2b7d61b8a5043a507aec5eac2c8eb51de053c",
-    "derivation_spec_hash": "sha256:e7cfcc32bfbec92faf3af85e147bbab990cad07bb977f211a7aeeeb0b47aeac3",
-    "derivation_spec_id": "master_graham.normalized_earnings.prototype_v1.derived_proxy_v1",
+    "derivation_evidence_hash": "sha256:c4aa7aeedf15dd3bfd673e08c165abeff468ee6bbf9f87859997238ad5d89cc2",
+    "derivation_spec_hash": "sha256:3a6bfd410cabf900182c9371d308eb071bc1e42688bcb0a9f541e881c95c2ded",
+    "derivation_spec_id": "master_graham.half_normalised_earnings_yield.prototype_v1.derived_proxy_v1",
     "dsl_version": "1.1",
-    "id": "master_graham.normalized_earnings",
+    "id": "master_graham.half_normalised_earnings_yield",
     "input_contracts": [
+      {
+        "on_missing": "fail",
+        "period": {
+          "alignment": "as_of",
+          "basis": "duration",
+          "window": "P5Y"
+        },
+        "unit": "currency_units",
+        "value_kind": "monetary"
+      },
       {
         "on_missing": "fail",
         "period": {
@@ -60,35 +96,38 @@
           "basis": "instant",
           "window": null
         },
-        "unit": "derived_proxy_scalar",
-        "value_kind": "scalar"
+        "unit": "currency_units",
+        "value_kind": "monetary"
       }
     ],
-    "input_schema_hash": "sha256:842d3cf2cea0077712f30abcdbd92f98bcf90606da23edfd03b7c2e1372bb379",
+    "input_schema_hash": "sha256:b17a9b8f40bfa30cd19587afe13ae4666eb6120e9b6564b61f011723fa39d843",
     "inputs": [
       {
-        "fact_id": "financial.net_current_asset_value"
+        "fact_id": "financial.free_cash_flow_5y"
+      },
+      {
+        "output_id": "valuation.graham_hurdle_base.master_graham"
       }
     ],
     "intended_use": "local_test_only",
-    "kind": "transform",
+    "kind": "recomputation",
     "on_missing": "fail",
-    "operation": "identity",
-    "output_id": "financial.normalized_earnings",
+    "operation": "divide",
+    "output_id": "valuation.graham_half_earnings_yield.master_graham",
     "output_period": {
       "alignment": "as_of",
       "basis": "instant",
       "window": null
     },
-    "output_schema_hash": "sha256:32753ad8f7abd76ef6dc8cb087ad0097aecdd55fc8eb45374211ce1385a42a9e",
+    "output_schema_hash": "sha256:490aa0af1468e2460fdabd32704272065ae782ad1ed41a4c7241d49e9f32528a",
     "production_eligible": false,
     "review_status": "not_human_reviewed",
     "schema_version": 1,
     "source_ids": [
       "proxy:efc142652d20dd68c"
     ],
-    "unit": "derived_proxy_scalar",
-    "value_kind": "scalar",
-    "version": "0.1.0"
+    "unit": "decimal",
+    "value_kind": "ratio",
+    "version": "0.2.0"
   }
 ]

package/knowledge/solo-test/masters/master_jhunjhunwala/decision_policy.json

@@ -2,7 +2,28 @@
   "abstention_policy": "fail_closed",
   "dsl_version": "1.1",
   "eligibility": {
-    "all": []
+    "all": [
+      {
+        "condition": {
+          "op": "exists",
+          "value": {
+            "fact_id": "governance.insider_ownership"
+          }
+        },
+        "condition_id": "master_jhunjhunwala.ownership_record_available",
+        "on_false": {
+          "common_stance": "out_of_scope",
+          "native_state": "provisional_insufficient_governance"
+        },
+        "on_uncomputable": {
+          "common_stance": "out_of_scope",
+          "native_state": "provisional_insufficient_governance"
+        },
+        "source_ids": [
+          "proxy:766b9b96aa87f12da"
+        ]
+      }
+    ]
   },
   "fact_gate": {
     "on_missing_critical": {
@@ -10,21 +31,48 @@
       "native_state": "provisional_insufficient_governance"
     }
   },
-  "hard_vetoes": [],
+  "hard_vetoes": [
+    {
+      "condition": {
+        "left": {
+          "fact_id": "accounting.cash_conversion"
+        },
+        "op": "lt",
+        "right": {
+          "literal": 0
+        }
+      },
+      "on_trigger": {
+        "common_stance": "opposed",
+        "native_state": "provisional_reject"
+      },
+      "on_uncomputable": {
+        "action": "abstain",
+        "decision": {
+          "common_stance": "out_of_scope",
+          "native_state": "provisional_insufficient_governance"
+        }
+      },
+      "source_ids": [
+        "proxy:766b9b96aa87f12da"
+      ],
+      "veto_id": "master_jhunjhunwala.cash_conversion"
+    }
+  ],
   "native_decision_schema": "india_growth_governance_v1",
   "native_output_fields": [
     {
       "field": "metric_1",
       "on_missing": "fail",
       "value": {
-        "output_id": "governance.promoter_ownership"
+        "output_id": "valuation.real_revenue_growth.master_jhunjhunwala"
       }
     },
     {
       "field": "metric_2",
       "on_missing": "fail",
       "value": {
-        "output_id": "india.industry_penetration"
+        "output_id": "accounting.cash_conversion_gap.master_jhunjhunwala"
       }
     }
   ],
@@ -48,18 +96,18 @@
         "common_stance": "cautious",
         "native_state": "provisional_watch"
       },
-      "min_ratio": 0.5
+      "min_ratio": 0.34
     },
     {
       "decision": {
-        "common_stance": "cautious",
+        "common_stance": "constructive",
         "native_state": "provisional_concentrated_growth_candidate"
       },
       "min_ratio": 1
     }
   ],
   "scoring": {
-    "max_score": 2,
+    "max_score": 3,
     "min_coverage": 1,
     "on_insufficient_coverage": {
       "common_stance": "out_of_scope",
@@ -69,7 +117,7 @@
       {
         "condition": {
           "left": {
-            "output_id": "governance.promoter_ownership"
+            "output_id": "valuation.real_revenue_growth.master_jhunjhunwala"
           },
           "op": "gt",
           "right": {
@@ -78,7 +126,7 @@
         },
         "coverage_weight": 1,
         "points": 1,
-        "rule_id": "proxy_score_1",
+        "rule_id": "jhunjhunwala_growth_is_real_rather_than_nominal",
         "source_ids": [
           "proxy:766b9b96aa87f12da"
         ]
@@ -86,16 +134,33 @@
       {
         "condition": {
           "left": {
-            "output_id": "india.industry_penetration"
+            "output_id": "accounting.cash_conversion_gap.master_jhunjhunwala"
           },
-          "op": "gt",
+          "op": "gte",
           "right": {
             "literal": 0
           }
         },
         "coverage_weight": 1,
         "points": 1,
-        "rule_id": "proxy_score_2",
+        "rule_id": "jhunjhunwala_scaling_converts_to_cash",
+        "source_ids": [
+          "proxy:766b9b96aa87f12da"
+        ]
+      },
+      {
+        "condition": {
+          "left": {
+            "fact_id": "governance.insider_ownership"
+          },
+          "op": "gte",
+          "right": {
+            "literal": 0.01
+          }
+        },
+        "coverage_weight": 1,
+        "points": 1,
+        "rule_id": "jhunjhunwala_owners_hold_the_company_they_run",
         "source_ids": [
           "proxy:766b9b96aa87f12da"
         ]

package/knowledge/solo-test/masters/master_jhunjhunwala/doctrine.jsonl

@@ -1,6 +1,6 @@
 {"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Evaluate Indian structural growth through promoter governance, cash quality, addressable penetration, scaling economics, valuation and liquidity.","rule_id":"proxy_rule_1","source_ids":["proxy:766b9b96aa87f12da"]}
-{"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Rebuild promoter ownership, pledges and related-party activity from dated filings.","rule_id":"proxy_rule_2","source_ids":["proxy:766b9b96aa87f12da"]}
-{"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Model structural penetration and a liquidity-constrained position range.","rule_id":"proxy_rule_3","source_ids":["proxy:766b9b96aa87f12da"]}
+{"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Structural penetration is a claim about volume, not about price. Nominal growth that only matches expected inflation is the same business selling the same quantity at a higher number, which is what he meant by distinguishing the India growth story from the India inflation rate.","rule_id":"proxy_rule_2","source_ids":["proxy:766b9b96aa87f12da"]}
+{"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"The build spec's second veto family in computable form: scaling claims that cash conversion does not support. Same construction and same output id as the forensic-short seat, because it is the same number -- operating cash flow against reported earnings, with one-for-one as the neutral line.","rule_id":"proxy_rule_3","source_ids":["proxy:766b9b96aa87f12da"]}
 {"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Reject on a reviewed material promoter-governance breach.","rule_id":"proxy_rule_4","source_ids":["proxy:766b9b96aa87f12da"]}
 {"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Reject scaling claims not supported by cycle-aware cash conversion.","rule_id":"proxy_rule_5","source_ids":["proxy:766b9b96aa87f12da"]}
 {"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Reject concentration that cannot be exited under stressed Indian-market liquidity.","rule_id":"proxy_rule_6","source_ids":["proxy:766b9b96aa87f12da"]}