Replication, Arbitrage, and the Creation of Portfolio Insurance
Lecture no. 49 from the course: Crashes and Crises: Lessons from a History of Financial Disasters
Taught by Professor Connel Fullenkamp | 07 min | Categories: The Great Courses Plus Online Economics & Finance Courses
What made the stock market crash of 1987 so terrible? Look at the circumstances that led to the crash and why there are no risk-free assets.