Sleepy Stock Market
In October 1987, thirty-three-year-old Paul Tudor Jones made an estimated $100 million in a single day as the Dow collapsed 22.6% — the worst one-day percentage drop in its history. Jones and his research director Peter Borish had overlaid the 1980s bull market on 1929 charts and loaded up on put options before Black Monday hit. What the legend leaves out: Borish later admitted he had massaged the data to make the lines fit, and the model actually pointed to the crash arriving in spring 1988. Tudor Investment Corporation still returned 125.9% net of fees for the full year 1987.🎧 Part of the Sleepy Stock Market series — financial history told as documentary audio.SLEEPY STOCK MARKETFall asleep to the greatest stories in financial history.#PaulTudorJones #BlackMonday #1987Crash #HedgeFund #TradingHistory #WallStreet #MacroTrading #StockMarket
37 episoder
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