
Coming Into Focus
The Memo by Howard Marks
Why the Nifty 50 Is Not as Powerful as It Used to Be
To day's leaders are often compared to the nifty 50, but theyare much better companies. Many of the nifty 50 didn't prove to be as powerful as had been thought. Zirox and i b m lost the lead in their markets and experienced financial difficulty. And who's heard from simplicity pattern? Lately, tday's teck leaders appear much more powerful and unassailable. But 50 years ago, the nifty 50 appeared impregnable too. People were simply wrong.
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