---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39424931.md"
description: "Paul Tudor Jones (1987 Black Monday)- Background: The global market lost $1.7 trillion- Operation: Shorted stock index futures in advance, strictly controlled leverage, and hedged with light positions- Result: Not only preserved capital but also made 62% in a single month, with a 200% annual return- Logic: Don't go long during a crash; use hedging tools to protect principal + profit from panic"
datetime: "2026-03-21T12:38:13.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39424931.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39424931.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39424931.md)
author: "[浩浩荡荡](https://longbridge.com/en/profiles/19784218.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/39424931.md) | [繁體中文](https://longbridge.com/zh-HK/topics/39424931.md)


# Paul Tudor Jones (1987 Black Monday)- Background: …