The Vision Fund’s commitment to real estate remains intact, according to a person familiar with its thinking. By the fund’s estimation, it’s still early innings for

Does “real math” begin where “plug and chug” leaves off?

You got it backwards. “Plug n chug” begins where real math left off.

Figuring out the rules that let us construct “Plug n chug” procedures and formulas is research, art, discovering something, then boiling down that discovery to its essence to make it easier to share. You’ll find some painters talk about their work in the same way.

“Plug n chug” is like paint by numbers: you need an artist to decide what the picture will be, and which colors will go where, or else the result after the colors are plugged in will be unattractive and not work as art.