1987 Crash
topic on 2 shows · 3 statements across 2 episodes
Invest Like the Best
Capital Allocators
3 statements about 1987 Crash, every show
Jones: 1987 crash was 100% caused by derivatives and portfolio insurance
“1987, that crash was 100% portfolio insurance. Hundred percent. Had they had limits, Which they didn't. It had been a 10%, maybe 15% max, but that was a hundred percent derivatives.”