Warren Buffett Explains the Black Monday of 1987 – GuruFocus.com

Warren Buffett Explains the Black Monday of 1987 – GuruFocus.com

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On Oct. 19, 1987, the Dow Jones Industrial Index fell over 22% in the course of one trading day, with all major stock markets around the world being affected. In his 1987 letter to shareholders of Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B), Warren Buffett (…
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