Lessons Learned From the 1970s Recession and 1987's Black Monday
October may not be the cruelest month for investors -- based on the averages, that's September. But when Wall Street stumbles at this point of the year, it stumbles extra hard. And that's why Alison Southwick and Robert Brokamp picked October for a four-part series on the history of market crashes in the United States.
In this podcast, guest and Former Fool Morgan Housel leads the discussion as they reflect on two major economic tumbles: the long downturn of the 1970s and 1987's Black Monday. And looking back, Housel offers a couple of important takeaways investors should learn from those tumultuous economic times.
A full transcript follows the video.
Source: Fool.com
