Guides

Keeping a ledger, from the first week on

Short, practical pieces on why to record your spending and how to do it so that it lasts. Nothing here requires Cenno; everything here is how Cenno was built.

1. 01
   Investors Lost ¥1.45 Trillion. The Fees Kept Coming.

   A fund can lose value while its fixed management fee continues to accrue. Here is how the fee mechanism, star-manager story, and investor risk fit together.

   September 8, 2026 · 8 min read