THE DESK · THE RESEARCH · Nº 1312 · EDITION 1 ·Liquid error (snippets/rm-equity-research-card line 27): comparison of String with 0 failed
LUND CARDS · THE DESKNº 1312
THE CARD AS TEXT · FOR EYES AND FOR MACHINES
THE EQUITY RESEARCH CARD · the research-note seat — organizes a stock thesis so a person can judge it
WAKES WHEN an analyst or investor needs a research note structured, not a rating handed to them · a person asks 'write up this thesis', 'structure my research', 'what's the bull/bear case' · a pile of notes on a company needs turning into a disciplined memo
THE LOOP
state · the thesis in one honest sentence, from the person's own view
build · drivers, risks, and catalysts, each named, each the person's own
frame · a fair-value range from the person's inputs, against the current price as a gap
stop · it organizes and checks; it never rates the stock or tells anyone to trade
NEVER
Issues a buy, sell, or hold rating, and never a price target as a call
Gives investment advice or tells anyone to buy, sell, short, or trade
Presents a backtest, model, or projection as a promise of future return — unknown inputs are marked [FILL]
Front-runs, times a trade, or substitutes for a licensed professional's judgment
IT MAKES run — structures the note from your inputs, flags the gaps, emits no rating; selftest — 9 checks that prove the machine.
THE LAW A card builds and checks the analysis — the model, the screen, the thesis. It never gives investment advice, never recommends a security to buy or sell, never presents a backtest or projection as a promise of future return, never front-runs or times a trade, and never replaces the judgment and licensed oversight an investment decision needs.
PROOF SELFTEST 9/9 · witnessed in Claude 2026-10-20 on the studio’s own example inputs · the dated run in the box (RUN.md) · Edition 1.
THE SEAL 98 of 100 · LEGENDARY · WITNESSED · Trigger 5 · Machinery 5 · Law 5 · Portability 5 · Proof 5
IT CAN BE WRONG an AI reading a text file: it can be wrong and can invent a number, a rule, a name or a date; check what matters against your own records and the source; the risk is yours. LICENSE-NOTE.md rides in the packet and is the licence.
THE PUNCH · SHA-256 OF SKILL.MD · 2B9BEA968D68C226E6F94A9C
CITE THIS CARDTHE EQUITY RESEARCH CARD, Edition 1. Lund Studio LLC, Westminster, Colorado. https://lundr.tech/?view=equity-research-card. Punch 2B9BEA968D68C226E6F94A9C. Retrieved 2026-10-20.
What it is.
Organizes a stock thesis so a person can judge it. Use when an analyst or investor needs a research note structured, not a rating handed to them. Not for buy or sell calls. For the discounted-cash-flow math → THE DCF CARD.
It carries a machine that shows its working: run — structures the note from your inputs, flags the gaps, emits no rating; selftest — 9 checks that prove the machine — 9 checks in its selftest, run in the open below. It never issues a buy, sell, or hold rating, and never a price target as a call; never gives investment advice or tells anyone to buy, sell, short, or trade; never presents a backtest, model, or projection as a promise of future return — unknown inputs are marked [FILL]; never front-runs, times a trade, or substitutes for a licensed professional's judgment.
The house law, written into the card.
It is in the card itself, so the AI follows it.
THE HOUSE LAW · THE DESKA card builds and checks the analysis — the model, the screen, the thesis. It never gives investment advice, never recommends a security to buy or sell, never presents a backtest or projection as a promise of future return, never front-runs or times a trade, and never replaces the judgment and licensed oversight an investment decision needs.
THE LIMIT, ON THE TINIt organizes your own research and inputs; the judgment, the numbers, and the decision are yours and your licensed adviser's. A note is a tool for thinking, not a recommendation.
The method.
State. The thesis in one honest sentence, from the person's own view.
Build. Drivers, risks, and catalysts, each named, each the person's own.
Frame. A fair-value range from the person's inputs, against the current price as a gap.
Stop. It organizes and checks; it never rates the stock or tells anyone to trade.
What it does once your AI has it.
run Structures the note from your inputs, flags the gaps, emits no rating
selftest 9 checks on the studio’s own example inputs; it must print selftest 9/9
What it will never do.
It never issues a buy, sell, or hold rating, and never a price target as a call; never gives investment advice or tells anyone to buy, sell, short, or trade; never presents a backtest, model, or projection as a promise of future return — unknown inputs are marked [FILL]; never front-runs, times a trade, or substitutes for a licensed professional's judgment.
Where it hands off: The discounted-cash-flow math → THE DCF CARD. The quarterly build → THE EARNINGS MODEL CARD. The comparables → THE EXCHANGE's COMPS CARD.
It is an AI reading a text file: it can be wrong, so check what matters against your own records and the source. The holder brings their own AI; no endorsement by Anthropic or any other AI company is claimed. Names of other companies and standards are used only to say what the card works with.
What’s in the buy.
SKILL.md — the door your AI reads first: when it wakes, when it does not, the loop, the never-lines, the house law
CARD.md — the whole card in ten sections, §0 to §9 · TIN.md — what is on the tin, in nine lines
scripts/equityresearch.py — the machine, Python standard library only, offline; selftest 9/9
RUN.md — the dated run: the selftest as it printed when the card was cut, with the date and the host
references/THE-METHOD.md — the method in plain words, in the card’s own voice
START-HERE.md and system/short-prompt.md — the doors, for any AI with or without skills
MY-LEDGER.md — the card’s memory, on your own machine · LICENSE-NOTE.md — the licence
PROOF · SELFTEST 9/9 · AUDIT 12/12 · WITNESSED IN CLAUDE 2026-10-20 ON THE STUDIO’S OWN EXAMPLE INPUTS · THE TEST PROMPTS IN FRESH CHATS OWED · EDITION 1 · PUNCH 2B9BEA968D68C226E6F94A9C
ON EVERY DOOR · A CARD FOR YOUR AI, A FILE FOR YOUR COMPUTER
In Claude: turn on code execution under Settings › Capabilities, then Customize › Skills › + › Create skill, and upload the zip as it is — START-HERE.md in the box walks you through it, and tells you how to keep the ledger. In ChatGPT, Gemini and the rest: a Project, a GPT or a Gem with the card’s files attached and the short door in the box pasted as its instructions. The words run anywhere an AI reads Markdown; the machines run wherever the host runs Python. Witnessed in Claude only. The host marks →
Take it.
Nº 1312 —Liquid error (snippets/rm-equity-research-card line 116): comparison of String with 0 failed
Sold as is under the term printed. A card instructs an AI you operate; results depend on your model, your files and your judgement. Not medical, legal, tax or financial advice, never the person’s boss, and not a licence to practise. Not investment advice, not an appraisal and not an offer to sell securities. The terms →
One payment. The file is yours to keep and keeps working at its edition; new editions issued in the year after you buy reach you by email as replacement files. Tax is added at checkout where it applies. Nothing auto-renews.
AFTER YOU PAY · SIGN IN WITH THE EMAIL YOU PAID WITH · THE CARD OPENS ON MY CARDS → · CHECKED AGAINST ITS FINGERPRINT · NOTHING TO WAIT FOR
A TERM, NOT A SUBSCRIPTION: NOTHING RENEWS ITSELF AND NOBODY IS CHARGED AGAIN. WHEN A TERM ENDS THE FILES STAY ON YOUR COMPUTER AND STAY READABLE — FREEZE, NOT LOSS.
THE MACHINE · IN THE OPEN · FROM THE STUDIO’S RUN OF 2026-10-20
equityresearch.py, showing its working.
A small Python program, standard library only. Your AI runs it; you can too. The block below is the machine’s selftest as it printed when the studio ran it from inside the packet, in Claude, on 2026-10-20.
run
structures the note from your inputs, flags the gaps, emits no rating · run NOTE.txt
selftest
9 checks that prove the machine; it must print selftest 9/9
selftest · AS PRINTED
$ python3 scripts/equityresearch.py selftest
wrote RESEARCH-NOTE.md — 1 drivers, 1 risks, 1 catalysts, 0 gap(s)
wrote RESEARCH-NOTE.md — 1 drivers, 1 risks, 0 catalysts, 1 gap(s)
REFUSED: a research note needs at least company= and thesis=
wrote RESEARCH-NOTE.md — 1 drivers, 1 risks, 1 catalysts, 0 gap(s)
wrote RESEARCH-NOTE.md — 1 drivers, 1 risks, 1 catalysts, 0 gap(s)
selftest 9/9
THE SELFTEST RUNS ON THE STUDIO’S OWN EXAMPLE INPUTS, INVENTED FOR THE TEST; NO REAL COMPANY, PERSON OR ACCOUNT IS NAMED.
QUESTIONS AT THE TABLE
Asked before the wire.
What does it need from me?
Your own files and figures, on your own disk. It starts by asking for them: the thesis in one honest sentence, from the person's own view. If something it needs is missing, it marks it and says so — it never fills a gap with a guess.
Does it send anything anywhere?
No. The machine is a standard-library Python program that runs on your own computer and sends nothing anywhere; the words run wherever an AI reads Markdown. No server, no account, no key.
What is on the record?
The machine's selftest (9/9), run from inside the packet in Claude on 2026-10-20 on the studio's own example inputs and printed below as it ran; the twelve-check audit (AUDIT.md, 12/12); MANIFEST.md with every file hashed. RUN.md in the box is that run, dated. Still to come, as the next receipt: the card's test prompts asked in fresh chats with the card installed. The punch on the face is the SHA-256 of SKILL.md, so a downloaded copy can be checked against this room.
Can it be wrong?
Yes — it is an AI reading a text file: it can be wrong and can invent a number, a rule, a name or a date; check what matters against your own records and the source; the risk is yours. It organizes your own research and inputs; the judgment, the numbers, and the decision are yours and your licensed adviser's. A note is a tool for thinking, not a recommendation.
What will it never do?
It never issues a buy, sell, or hold rating, and never a price target as a call; never gives investment advice or tells anyone to buy, sell, short, or trade; never presents a backtest, model, or projection as a promise of future return — unknown inputs are marked [FILL]; never front-runs, times a trade, or substitutes for a licensed professional's judgment.
