Masters in Business cover image

Peter Borish on Lessons From the 1987 Market Crash

Masters in Business

00:00

The Brady Commission and the Market Break

Post-mortem 87 you get tapped to serve on the US presidential task force on market mechanisms head by Brady it became known as Brady Commission. "We we tutor were so far ahead of every other firm on Wall Street I we didn't even know but all the data in the report right there's a chapter on the market break all that data came from us none of the other firms had it" You need to step back and futures markets have always had price limits right from the limit down that's all you have to do, he says. The real conclusion is where we are today that all these markets are linked New York wanted to blame Chicago there was the options markets and they all were sort of

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app