The nifty50 were the object of the first big bubble in 40 years; since there hadn't been a bubble for so long, investors had forgotten what one looks like—causing them to lose 90% even though these were supposedly the best companies in America, with P/E ratios collapsing from 60-90x to 6-9x.

factualpending

Speaker

Howard Marks

Evidence Quote

if you bought these stocks on the day I started work and held them tenaciously for 5 years you lost well over 90% of your money in the best companies in America

Source

On Bubble WatchOaktree Capital
Created: 8/11/2026, 7:51:42 AM

My Notes

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