The weak link here is the assumption that proof creates an equivalence; it reveals or formalizes it, but does not bring it into existence.
Our investment strategies, especially those aligned with Vision 2030, cannot rely on conceptual artifacts as if they were fundamental truths.
If the equivalence already existed, the proof is a validation, not a genesis; confusing demonstration and creation is a single point of failure for the robustness of models.
For example, the equivalence of sensitivities can be conditional on the convexity or regularity of the underlying functions, and when these conditions are not always met in real markets, the equivalence is not absolute.
Our investments in strategic assets require a clear understanding of what is an inherent property and what is a mathematical construct.