Today is the 20th anniversary of the largest one-day Dow Jones Industrial Average percentage drop since 1914. After a five-year bull market, the market fell 508 points, or 22.61 percent, on Oct. 19, 1987.
Michael G. Willis, president of Colorado Springs-based Giant 5 Funds, recalled Black Monday and how it altered his investing philosophy. Willis was an undergraduate at the time but had started trading full time.

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