The Borrowed Advantage

What this pack runs.

The same margin, the same growth, the same return on capital. A platform's traffic, a regulator's credit, a central bank's rate, a customs exemption, one customer, one brand, one bilateral contract — every one produces profit that reads exactly like profit the company earned itself. That is not an accounting failure: the distinction is about who could take it away, which is a property of an arrangement rather than of a transaction, so it has to be asked directly. This pack computes the share of profit that depends on one named condition, what would survive if it ended, the annual loss and the exposure at your own multiple. Then it turns the question into the one form that can be settled in advance — a time question. How long a replacement would take from a standing start, against how much notice you would get, with the difference being the interval you have to survive on cash. It stops on four conditions: nobody has said how long a replacement would take, nobody has priced the rebuild, nobody has said what the cushion is, and nobody has said what the company trades on.

The casebooks these cases come from.

The pack reads nine sourced decisions through the framework. They are drawn from these casebooks, each one a set of verified records on a single decision type.

A verified record has passed a mechanical claim-versus-source check, a second model's read, and human approval. The count is what exists today, not a target.