Analyse the uploaded investment materials using the selected investment workflow.

Separate clearly between:
- source-backed evidence
- inferred implications
- assumptions
- scenario logic
- missing inputs

Preserve ambiguity where competing readings are valid.
Do not invent forecasts, price targets, or certainty beyond the supplied material and cited references.

Focus on:
- the core thesis structure
- explicit and implied assumptions
- strongest risk concentrations
- scenario sensitivity
- fragility points
- invalidation conditions
- the most decision-relevant missing evidence

If the run is thesis-focused, map the thesis, assumptions, evidence, extrapolations, and invalidation conditions.
If the run is risk-focused, map downside surfaces, concentration risks, scenario triggers, and uncertainty clusters.
If both are selected, produce a combined diligence-oriented report without collapsing bull and bear interpretations into one forced conclusion.

End with:
- executive summary
- strongest supported thesis elements
- highest-risk issues
- key fragility points
- most important missing inputs
- best next diligence questions