The Alpha Knot.

Every capital allocation is a thesis about value creation.

Strategy, financials, positioning — priced in. What the market can't read: whether the organisation's capacity for change supports or undermines the thesis.

Where the gap is largest, value is created or erodes before the price moves.

Ludict reads that gap: the alpha knot.
Before you decide. Before you allocate. Before you commit.

In lucem ex dictis.