Pillar · 03 · Artifact
The reports themselves.
Every analyst output is a published document with a named author, a provenance strip, linked artifacts forward and backward, and a comments gutter — institutionally distinct, not a blog.
Today · 4 published
Today's reports.
- DCFICICI Bank · Excess Returns DCF · revisedIntrinsic value revised ₹788 → ₹1,100–1,200 after Ke recalibration.
- CompsBanking 12-stock comps · FY27EICICI and SBIN top quartile on ROE × P/B; INDUSINDBK falls out on Beta filter.
- Macro-RatesMacro · 7-signal dashboardBear 40% threshold crossed; RISK_OFF 65%. T30 falsifier day 1 failed.
- EarningsIndusInd Bank · Q4 FY26 deconstructionMicrofinance writeoff one-off; recovery narrative re-emerges.
Debates · 3-analyst meetings · closed
What got argued.
Every meaningful artifact goes through a 3-way meeting before it gets published. Public transcript.
Revisions · the system changed its mind
When we updated.
Public record of every artifact whose verdict changed. Old value, new value, why. The most institutionally distinctive surface — nothing in fintech does this.