Just started to read the book 'The Little Common Sense of Investing' by John C.Bogle. In chapter 2 of the book, the author talks about investment return and market return. I tried to search on the Internet to find out how these two terms differ but couldn't find one .My questions are following:
what is the subtle difference between investment return and market return?
According to the book, investment return includes dividend yield and earnings growth(however we all know that earnings growth is nothing but rate of increase of eps and since eps(earnings per share) is just a metric to test company's performance and is not paid out to common investors, as a investor how can I consider it as a return)
John C Bogle also included speculative return on market return, now what does this speculative return imply in a easy language?