October 26, 2022

What Did We Learn in the 35 Years Since Black Monday?

On the 35th anniversary of the October 1987 Crash or “Black Monday,” Jon Hirtle offered his wisdom live on CNBC Worldwide Exchange and in an interview with CNN Business. Jon noted that while the crash was a “jaw dropping, what the heck moment” for Wall Street, the rapid market recovery provided a lifelong lesson: “Stay diversified, make good decisions and think long term.” Black Monday highlighted the power of true investing as opposed to trading or speculating, which are often confused with investing. Jon said, “There seems to be even more risk-taking these days… There is no question that there is more gambling in the markets now.” Watch the full CNBC interview and read the CNN Business article for more insight.