The Meb Faber Show · Friday, September 18, 2026
Roger Ibbotson notes that the 1987 stock market crash, despite being the largest single-day drop, resulted in a slightly positive total return for the year. He uses this as an example of the difficulty in predicting market movements.
“Really. The crash of '87. That's a little blip on this that you can hardly see. But but it was the biggest one-day drop, 20% drop in one day.”
“But actually for the year, the total return 1987 was a slightly positive number.”