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      <title>Eight and the Well Still Has Water</title>
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      <pubDate>Thu, 16 Jul 2026 00:00:00 +0000</pubDate>
      
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      <description>Eighth time down the pile. No unifying idea has emerged and I&amp;rsquo;ve stopped expecting one. Proximity, again, is the whole method.
Markets open on divergence: a note on why the KOSPI fell despite Samsung&amp;rsquo;s record quarter, a clean sell-the-news story where a 19-fold profit jump still couldn&amp;rsquo;t lift the index, beside a broader read on the memory shortage as an existential event for small electronics makers — not a margin hit but an extinction event for the firms underneath Apple and Microsoft.</description>
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