Nobody ever got fired for buying IBM
Nobody ever got fired for buying IBM.
Ever heard this aphorism? If not, today we have a history lesson from the 1968-1972 stock bubble. Back then, the market rally was led by a group of 50 stocks in the S&P 500, the so-called “one decision” stocks known as the Nifty 50. What was the one decision? “You buy them and never sell them!” The group includ…