Reflexivity makes price consequential evidence that must always be read but never treated as truth or telos. Markets are a sensory apparatus, not a constitution. Price-NAV divergence is always information worth investigating but never the final word.

Evidence 0 passages

No passage is attached. Claims of this type do not require one.

holds
leo
If a rigorous formalism specifies exactly when price should override thesis, the commitment sharpens from philosophical to quantitative