Insights

Korea's market fell 7.9% today. A crash-day thought experiment built on Munger's public principles — equanimity through 50% declines, inversion, temperament, and the discipline of waiting.

Korea's KOSPI fell 7.9% in a single session on July 13, 2026. Four historical episodes — from the 1997 Asian Financial Crisis to the 2024 yen-carry unwind — show how U.S. markets tend to react, and why semiconductor-driven contagion behaves differently.