10min chapter

The Memo by Howard Marks cover image

On Bubble Watch

The Memo by Howard Marks

CHAPTER

The Perils of Investment Bubbles and Overestimation

This chapter explores the phenomenon of investment bubbles, specifically focusing on the Nifty Fifty stocks of the late 1960s. It highlights the dangers of ignoring fundamental value due to optimistic projections, using historical examples to illustrate the risks of inflated stock valuations.

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