Nifty 50
Categories: Investing
Ah, that was the era. Bell bottom jeans. Huge rainbow hair. Just lots of hair. In the late 1960s, there were 50 stocks that did just nifty. Kodak, Gillette, Coke, Lowe's, American Express, Berkshire Hathaway, McDonald's, etc.
They compounded at something like 500 basis points better than the market year after year after year, for a very happy decade. You could have bought them at almost any time in the year. You just had to know to not sell them.
Well, until the big bear market began to crush everything in the early ‘70s. Then there was no escape and nothing was really nifty at all.