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-# CORPUS-0012
-## Every Venture Risks Loss
-### Status: Training Corpus Seed
-### Layer: Layer_0--Primitive_Facts
-### Purpose: Teach that every commercial action can fail through price change, delay, damage, bad information, or unmet obligations
-### Repository Path: docs/training/corpus/Layer_0--Primitive_Facts/CORPUS-0012-every-venture-risks-loss.md
-
----
-
-## 0. Principle
-
-Every venture risks loss.
-
-A trader may plan well and still lose value.
-
-Loss can come from:
-
-- price changes
-- delay
-- spoilage
-- breakage
-- theft
-- bad information
-- failed credit
-- blocked access
-- higher-than-expected costs
-- buyer refusal
-- route disruption
-
-A venture is not safe because it looks profitable at the start.
-
----
-
-## 1. Roman-Visible Example
-
-A trader buys oil in Ostia to sell in Capua.
-
-The expected sale price is good.
-
-But before sale:
-
-- the cart is delayed
-- one amphora leaks
-- another trader arrives first
-- Capua buyers lower their offers
-- storage costs rise
-- the buyer who promised purchase cannot pay
-
-The trader did not make a foolish plan.
-
-The venture still risks loss because the world changed before settlement.
-
----
-
-## 2. Minimal Risk Structure
-
-A venture has risk wherever something can change between decision and result.
-
-At minimum, risk depends on:
-
-1. time in motion
-2. route reliability
-3. price uncertainty
-4. information quality
-5. storage quality
-6. buyer reliability
-7. cost uncertainty
-8. actor access and reputation
-
-No venture is complete until settlement occurs.
-
----
-
-## 3. Incorrect Modern Assumption
-
-Incorrect assumption:
-
-> If the planned sale price is higher than the purchase price, the venture is safe.
-
-Correction:
-
-> A venture is only safe after costs are paid, goods or claims are settled, and obligations are fulfilled.
-
-Expected profit is not actual profit.
-
----
-
-## 4. Simulation Use
-
-This principle supports:
-
-- venture risk
-- loss events
-- delayed settlement
-- price movement
-- damaged goods
-- unreliable buyers
-- insurance-like behavior where historically appropriate
-- diversification
-- cautious versus aggressive actors
-
-The model should not treat a venture as guaranteed because its starting arithmetic is favorable.
-
----
-
-## 5. Canonical Test
-
-If the model sees:
-
-> The trader expects to earn 5 asses.
-
-It must ask:
-
-- what can go wrong before settlement?
-- how reliable is the route?
-- how certain is the destination price?
-- can the buyer pay?
-- can costs increase?
-- can goods be damaged?
-- is the information current?
-- when does expected profit become actual profit?
-
-Only then can the venture be evaluated.
-
----
-
-## 6. Success Condition
-
-If the model stops treating expected profit as guaranteed and starts treating every venture as exposed to change before settlement, this file is functioning correctly.