Are The Magnificent Seven In A Bubble? Ask The Nifty Fifty

Sometimes, a narrative dominates the financial/social media and promotes a mania among investors. Today, the Magnificent Seven is a great example. Seven stocks, including Apple, Microsoft, Google, Tesla, Nvidia, Amazon, and Meta, are media darlings that many investors favor. Fifty-plus years ago, the Nifty Fifty were the stocks to own. They held a similar place as the Magnificent Seven in investors’ minds.None of the Magnificent Seven companies existed in the heyday of the Nifty Fifty, but a unique valuat ...