The Nifty Fifty: Valuing Growth Stocks

Back in the early 1970s, there was a group of companies which are referred to as “The Nifty Fifty” in the US. These were companies which were expected to grow earnings forever, by taking advantage of trends in demographics and the economy of the future decades. The stocks were often described as “one-decision”, as they were viewed as extremely stable, even over long periods of time.Q2 2020 hedge fund letters, conferences and moreExtraordinary High P/E RatiosThe most common characteristic by the constituents were solid earnings growth for which these stocks were assigned extraordinary high pric…

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HEDGE accordingly