Have we learnt nothing from Black Monday?

Many companies just disappeared in the sharemarket crash of 1987. (Image: Getty)

Sat, 14 Oct 2023

There’s a historic moment in time coming up next week – the anniversary of Black Monday, the global stock market crash of October 1987.Stock markets around the world were giddy in the years headed into late 1987, fuelled by speculation and huge fear of missing out. Barbecue conversations were all about the next “next big thing”, shares and stocks, tips, "my broker says", and so on. Think of the epic movie Wall Street and Gordon Gecko’s famous line, “Greed is good”. I think it sums up...

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