Band
Is a sleeve outside its mandate?
Chapter 04 · weekly model-book allocation
KCP transformationEvery model-book decision. Including wait.
A compact public ledger of model-book allocation, restraint, terrain and the lesson each chapter leaves behind.
Evidence
Did the terrain materially change?
Liquidity
Could a real market absorb the action?
Attribution
Capital, allocation, or market P&L?
Hypothetical allocation record
Allocation and restraint, side by side.
Every chapter keeps its date, terrain, model-book allocation and lesson.
CH 17Model-book allocation2026-09-05 · Equities (concentration) + fixed income (curve)
Four rose, one fell, and the book still lost money
Four of five equity holdings rose or held flat and the book still gave back about TSh 3.3m of market P&L; the NAV rose only because September savings landed, so hold and read the deposit apart from the return
→CH 16Model-book allocation2026-09-01 · T-bonds + T-bills + cash + goldThe tenor was the problem, not the ladder
The 364-day rung pays a real yield where the 91-day does not, so the bill ladder returns one year out; equities got nothing for a second month
→CH 15Model-book allocation2026-08-29 · Equities (comparability)The measuring stick changed mid-week
Keep the allocation unchanged, report the split-adjusted holding outcomes and preserve the official DSEI and TSI weekly comparison as unavailable across the temporary discontinuity
→CH 14Model-book allocation2026-08-26 · Equities (NMB basis)Ten shares replaced one. The allocation did not change.
Apply the one-for-ten unit and cost-basis adjustment, withdraw the false mechanical loss, and leave the allocation unchanged
→CH 13Model-book allocation2026-08-15 · Equities (breadth) + fixed income (curve)Four of five paid, and the front end finally printed
Breadth improved and four of five equity holdings paid, but the front end printed a narrower reward for duration; hold, and don't mistake a better week for a solved problem
→CH 12Model-book allocation2026-08-08 · Equities (breadth) + fixed incomeTwo banks carried 85% of the money
Two banks supplied 85.4% of the week's turnover and one holding 92% of the book's; study the concentration, and let the duration idea wait
→CH 11Model-book allocation2026-08-04 · Equities (concentration)Five rose, fourteen fell; and the book had its best week
Best week since inception, ~85% of it from one holding; examine the concentration, do not feed it
→CH 10Model-book allocation2026-08-01 · T-bonds + gold + cashWhere the month's 7m went; and the sleeve that got nothing
The bill ladder stopped paying a real yield; equities got nothing, by choice
→CH 09Model-book allocation2026-07-25 · Equities (breadth)A record with an asterisk, and the book holds
An all-time high on zero-volume marks and negative breadth; hold until the board confirms it
→CH 08Model-book allocation2026-07-18 · Equities (banks)A narrow recovery, and the book holds
The index clawed back near its record on bank-led, negative-breadth strength; no drift to correct
→CH 07Model-book allocation2026-07-11 · Equities (banks)A record cools, and the book still holds
The record cooled; the book still holds; no drift to correct
→CH 06Model-book allocation2026-07-04 · Equities (banks)Holding into a record tape
Three record closes in a row; do nothing, on purpose
→CH 05Model-book allocation2026-07-01 · Equities + T-billsWhere the month's 7m went; and the signals behind it
Feed the under-weight sleeves that had room
→CH 04Model-book allocation2026-06-20 · Commodities (gold)Opening a gold sleeve on the reserve-accumulation thesis
Open a small reserve-accumulation hedge
→CH 03Model-book allocation · Equities (banks)The Journey; the story so far.
Let the bank winners run rather than take the easy profit
→CH 02Model-book allocation · CommoditiesCommodities
Set the gold rules before opening any position
→CH 01Model-book allocation · Fixed incomeThe Journey; the story so far.
Patience in T-bills while waiting for a decision worth making
→CH 00Model-book allocation · MethodWhat The Ghost is; and isn't.
The premise, the mandate, and the rules it lives by
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