Korea's KOSPI fell as much as 3.55% intraday on the last trading day of August, touching 6,547.76, and then closed at 6,820.02, up 0.46%. Two shocks were stacked against it. At Jackson Hole on August 28, Federal Reserve Chair Kevin Warsh said inflation is running above the 2% target and that prices should be the…
The premise flipped. After Warsh's August 28 Jackson Hole speech, the probability of a September rate hike surged from 35.4% to 57.5%, and fed funds futures now put it near 60%. The September 15–16 FOMC also carries a fresh dot plot. Oil landed on top of it over the weekend. On August 30, US forces…
Why did I sell? A few days ago I was going back through my trade records. There it was: in November I took profit on half my KODEX 200 position in one go. Bought at an average of 38,400 won. Sold at 57,760. Up 50%. The act itself deserves credit. The problem is that I…
A few days ago I got curious. When did I first buy KODEX 200? I had a picture in my head. Yoon Suk-yeol declares martial law, the KOSPI gets wrecked. Much later the Constitutional Court removes him, and Lee Jae-myung starts talking about “KOSPI 5000.” Somewhere in there I steeled myself and put a fairly…
Some people buy Tesla. Some people buy Nvidia. Lately the Korean market is hot and everyone is chasing SK Hynix. These are the names that move in big jumps, people say. My hand never went there. It was strange. And today I finally understood why my own hand kept refusing. This post is a record…
Turn on the news in Korea at the end of 2025 and it is all exchange rates. I wanted to understand what was actually wrong with 1,465 won to the dollar, and why everyone sounded worried, so I went looking for someone who could explain it properly. This is Mr. Can. What follows is my…
An investment strategy does not have to be complicated. Instead of picking apart financial statements and calculating price-to-earnings ratios, I only buy companies whose products I use myself. And if the experience was not good, I do not buy them. Ever. This is Mr. Can. Today, the slightly unusual rule I use to choose stocks….
What I have learned studying stocks is simple. You cannot predict. But you can respond to what has already happened. Sell when the market rises, buy when it falls. Easy to say, hard to do. So I decided to move it out of the territory of emotion and into the territory of structure. The question…