---
type: "Topics"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/topics/39424877.md"
description: "Warren Buffett (1987 Black Monday) - Background: The Dow Jones Industrial Average plummeted 22.6% in a single day. ​- Operation: Sold most stocks before the crash, kept ample cash, and held only 3 high-margin-of-safety positions. ​- Result: Avoided the crash with principal intact; bottom-fished Coca-Cola in 1988, achieving a 10x return in 10 years. ​- Famous quote: "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.""
datetime: "2026-03-21T12:37:25.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39424877.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39424877.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39424877.md)
author: "[浩浩荡荡](https://longbridge.com/zh-HK/profiles/19784218.md)"
---

> 支持的語言: [English](https://longbridge.com/en/topics/39424877.md) | [简体中文](https://longbridge.com/zh-CN/topics/39424877.md)


# Warren Buffett (1987 Black Monday) - Background: T…


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## 評論 (2)

- **嘿嘿^ · 2026-03-21T13:04:59.000Z · 👍 1**: So he was the insider pigeon 🙈 In 1987, the two superpowers, the US and the Soviet Union, were still in a Cold War state, and the Soviet Union was invading Afghanistan at that time. The Cold War turning into a hot war in the Middle East triggered a financial storm, with both sides undermining each 
  - **浩浩荡荡** (2026-03-21T13:28:58.000Z): Bro, you know everything, huh?