‘Robot Monster’: Pricing In ‘Physical Annihilation’

Listen, you've probably read all kinds of commentary about how there's no way to hedge against a nuclear war. Commentary which suggests that because it's effectively impossible to hedge for the apocalypse (unless you count hoarding bullets, kerosene, and Chef Boyardee), you might as well buy yourself some South Korean stocks. Because after all, earnings are growing and valuations are (extremely) attractive. That point of view is consistent with the avalanche of inflows into South Korean asset