I do not build models to explain prices; I build frameworks to diagnose noise and assess mispricings.
Recommendations
2020 5
March 2
Retail Investors Attempting to Catch a Falling Knife: A Mid-Crash Audit of Margin Debt, Forced Liquidations, and Cash-Rich Inflows in Korean Equities
[Market Call: Hold, Overweight]
Type: [Investment Memo, Follow Up]
February 1
Is the Wuhan Pneumonia Panic Detached from Fundamentals?
[Market Call: UNDERWEIGHT]
Type: [Quick Note, Investment Memo]
January 2
A Belated Year-Ahead Outlook on Equities & Real Estate (2020)
[Market Call: OVERWEIGHT, BUY]
Type: [Investment Memo, Policy Brief]
Year-End Review on Equities & Real Estate (2019)
Type: [Follow Up, Investment Memo]
2019 4
November 1
The Fed Cuts Rates Again: Why Korean Retail Investors Should Be Cautious About Chasing U.S. Stocks
Type: [Investment Memo, Follow Up]
August 2
A Macro Call Realized: KOSPI Declines to Test the Low 1900s
Type: [Quick Note, Follow Up]
KOSPI Breaks Below 2,000: Verification of a Bear-Market Warning and Defensive Reallocation Call
Type: [Follow Up, Investment Memo]
January 1
Market Commentary: Stock Picks for a Value-Driven and Defensive Market
[Market Call: BUY]
Type: [Quick Note, Investment Memo]
2018 2
December 1
First Time Accessing My HTS in Almost a Year: Large-Cap Compression and Emerging Long-Term Entry Points
[Market Call: BUY]
Type: [Quick Note, Investment Memo]
November 1
Year-End Review (2018) and Year-Ahead Outlook (2019) on Equities & Real Estate
Type: [Investment Memo, Thematic Essay, Follow Up]