The 1987 crash was so far away.
That was like 30 years ago. 7 years after I was born but I have no recollection of it.
Our experience with huge market draw downs may be different. For many of us, its limited to the 2007-2009 drawdown.
For some of you, your whole market experience was spend between 2010 to 2017 where there were no market draw downs.
Going through something like this affects your perception of certain financial assets.
It also affects how you set up your portfolio. I get so scarred that I am always in a large cash position. And this affected my return.
Learning from the history is good.
It is best to get a sense of the environment they were operating in then, and what actually went on. Every market draw down will be rather similar with human beings involved.
However, what ......