In October of 1987, the stock market took a tumble that left investors shell-shocked. In the wake of that meltdown, John Templeton appeared on a panel of experts on the television show Wall Street Week to share his insights on recent events. There are valuable lessons to be gleaned from this footage, so we’re very thankful to our friends at Maryland Public Television for allowing us to repost excerpts here.
First, we’ll let host Luis Rukeyser set the scene for us:
And now here’s John Templeton offering some historical perspective on the situation (which isn’t terribly different from our present circumstances):
We’ll get some more clips from this program up soon. Some of his later comments are truly fascinating.
Oh, man you nailed it on hte head! I totally agree with you. I need to get some friends of mine to come here and read this stuff. It would totally open their eyes.