Business Quote by Clayton M. Christensen
“I helped start a ceramics company called CPS Technologies. We took it public in 1987 at $12 a share. Three months later, there was this horrible cliff: Black Monday. Fidelity had bought 15 percent of our stock, and their algorithm caused them to dump it all onto the market that day. We dropped from $12 to $2.”
About This Quote
Source Interview: Harvard Business Review, 1990
Describes a sudden market crash that devastated a company despite prior success, illustrating volatility.
In simple terms: Markets can crash unexpectedly.
Key Takeaway
Prepare for sudden downturns.
Themes
business
volatility
risk
leadership
Mood
cautious
analytical
Type
business
strategic
When to use this quote
- stock market investing
- startup planning
- risk management
- financial planning
Key Concepts
finance
systemic risk
Questions to Reflect On
- How can firms build resilience?
- What safeguards can protect investors?
A Different Perspective
Predicting exact crashes is impossible.
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