1987 Was Portfolio Insurance
36:56–37:19 · 23s
Jones bluntly attributes the 1987 crash "100%" to portfolio insurance and the absence of limits, distilling a historic blowup to a single derivatives-driven cause.
36:56–37:19 · 23s
Jones bluntly attributes the 1987 crash "100%" to portfolio insurance and the absence of limits, distilling a historic blowup to a single derivatives-driven cause.
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