Nifty Fifty Quotes

Our fans are great; our team is nifty! We’re going to get blown out by fifty!

[in regards to Chad's Nifty Over Fifty Moustache and Beard Darkener] "'Dark Bravado Blonde, Number 143.' The name alone makes my loins all aquiver." --Amber

So I turned on the tube (throwback slang from the Nifty Fifties; televisions no longer have tubes) and channel-surfed for awhile. On

People who don’t play golf pro to envy their golfing neighbors, admiring it as a nifty game you can play to a ripe old age. What they don’t understand is that we don’t keep playing because we can; we play because we don’t know how to stop. It lands in our hands for just a moment before slipping through our fingers, and we grab for it again and again. It’s a shell game, a music man, a three-card monte from which we can’t walk away. Once in a while it glances back at us, and it’s achingly beautiful. A siren? Perhaps. But those sailors at least got the closure of wrecking on the rocks. Golfers find the rocks and just drop another ball.

In December 1972, Polaroid was selling for 96 times its 1972 earnings, McDonald’s was selling for 80 times, and IFF was selling for 73 times; the Standard & Poor’s Index of 500 stocks was selling at an average of 19 times. The dividend yields on the Nifty-Fifty averaged less than half the average yield on the 500 stocks in the S&P Index. The proof of this particular pudding was surely in the eating, and a bitter mouthful it was. The dazzling prospect of earnings rising up to the sky turned out to be worth a lot less than an infinite amount. By 1976, the price of IFF had fallen 40% but the price of U.S. Steel had more than doubled. Figuring dividends plus price change, the S&P 500 had surpassed its previous peak by the end of 1976, but the Nifty-Fifty did not surpass their 1972 bull-market peak until July 1980. Even worse, an equally weighted portfolio of the Nifty-Fifty lagged the performance of the S&P 500 from 1976 to 1990.