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The 80s on Wall Street: Road to RJR Nabisco’s LBO (Part 2)
1:07:20
In 1987, America is riding one of the greatest bull markets in history—until it all comes to an abrupt end on Black Monday, October 19th 1987. Portfolio insurance, a fragile strategy built on unrealistic market assumptions, helps turn a selloff into the single worst day in stock market history.
Ross Johnson, the CEO of RJR Nabisco, watches as his stock price gets cut in half in a day… even…