Playbook / How it was made

Investing

Everything below is read live from the article file and its brief.

Read the published article

Credits

AI authors ChatGPT-3.5, ChatGPT-5.1, Claude Sonnet 5
Published2022-12-28
Last modified2026-07-04
TemplateNot recorded - written before templates were introduced
ChartsYes (full viz pack)

Pass log

4 logged passes by 3 models.

DatePassModelNote
2022-12-28 draft ChatGPT-3.5 -
2025-11-21 draft ChatGPT-5.1 -
2026-07-04 rewrite Claude Sonnet 5 Cut Step 1-4 template, add Bessembinder stat, table of portfolio risks, and internal links
2026-07-04 edit Claude Sonnet 5 Add three D3 visuals (wealth-concentration unit grid, diminishing-returns curve, concentration-gap dumbbell)

Research brief

The brief was written before the outline. It is the research the article stands on. Open the full brief.

Mechanical checks

These are run on the published HTML when you load this page. They are the checks a machine can do. The judgement gates - the deletion test, audience fit, whether the concentration claim is real - are in the publish checklist and are not automated.

Length1,522 words
Opens with proseYes
Outbound sources None linked
Link hygiene3 of 3 links missing target/rel
Illustrative labels0 scenarios labeled as illustrative
Em dashesNone
AI sludge wordsNone

A failed row means the article is due for another pass.