Ever worried that a tentative sentence in your investor letter will make you look indecisive—or that an overly confident one will box you in later? By the end of this short lesson, you’ll be able to write a single, compact paragraph that signals informed preliminary views without sacrificing credibility. You’ll get a clear explanation of the four toolsets (calibrated conviction, scenario framing, modal hedging, and plain-language risk disclosures), model paragraphs and examples, plus exercises and revision checklists to practice and apply immediately.