“In the short run, the market is a voting machine but in the long run, it is a weighing machine” is attributed to Benjamin Graham. Another industry giant, John Bogle, categorized total stock market returns into two components: the fundamental return or investment return (dividend return plus earnings growth) and the speculative return (change in … A voting machine or a weighing machine? Read More » The post A voting machine or a weighing machine? appeared first on Outcast Beta.
