The principle that called the 2018 top: How do stock masters behave? Park Se-ik, Senior Managing Director, Chesley Investment Advisory

Summary

Park Se-ik recounts how a large investor called the 2018 market top and sold everything, using the story to argue for disciplined risk management and tactical cash during risky periods. He recommends preparing cash for July-September around U.S. midterm election risk, favors Korean semiconductor equipment/materials stocks or ETFs, and discusses debasement hedges like Bitcoin, gold, real estate and equities. He also reviews AI safety-regulation concerns, a TCM ETF manager's four-way portfolio, and says investors should wait before buying the Anthropic IPO.

• Park Se-ik tells the story of an investor who sold all stocks near the 2018 peak and emphasizes disciplined execution.
• He advises raising cash and avoiding the tape in July-September because of U.S. midterm election risk.
• He favors Korean semiconductor equipment and materials stocks, or an ETF for investors who cannot pick names.
• He relays a debasement trade in Bitcoin, digital credit, gold, real estate and equities as an inflation/currency-debasement hedge.
• He suspects AI safety rules may serve incumbents trying to block new entrants.
• He reviews a TCM ETF manager's four-way portfolio that replaces 60/40.
• He says Anthropic IPO investors should wait until after listing, citing SpaceX's post-IPO spike and lockup-driven decline.
• He mentions National Pension Service efforts to participate in the Anthropic IPO and limited retail allocation.