Jack Bogle: From 12% Returns to a 4% Decade | Stock Market

Jack Bogle's two-part return formula, tested over 25 years with a 0.81 correlation, points to about 4% a year for the next decade. After a 12% bull run that hid costly fund underperformance, here is how to read that math without trying to time the market.

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Chapters

(0:00) DeepValues Macro Notebook

(2:59) The Graham Allocation Rule

(4:01) The Speculative Drag

(5:21) The Investment Reality

(6:45) The Speculative Drag

(10:50) The 4% Decade Synthesis

(12:14) The Two Paths to 4%

(13:49) The 4% Decade Synthesis

(14:49) The Two Paths to 4%

(15:38) The Graham Allocation Rule

(16:18) The Speculative Drag

(17:15) The Graham Allocation Rule

(18:15) The Speculative Drag

(20:00) Apps & Tools for Value Investors

(20:39) Get the apps

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Deep Value Intelligence audits the numbers behind the headlines with a Graham-Dodd / Buffett lens: valuation discipline, cash generation, balance-sheet safety and return on capital. Don't guess. Calculate.

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Disclaimer: educational and research content only. Not investment advice. Based on public sources that may be revised or interpreted differently. Do your own due diligence.

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Original source

Jack Bogle: What Can Happen in an OVERVALUED Market - (John C. Bogle)