Establishing Independent Investment Thinking: An Analysis of Value Investing vs. Price Speculation

The market is filled with stories of quick riches, but these often represent "survivorship bias." Short-term Windfalls are Unsustainable: Some accounts might achieve short-term returns of 50% or even higher under special market conditions (e.g., during a sharp market rebound), but this is not replicable consistently over the long term. Realistic Expectations: For long-term investors, achieving an annualized return of 15% - 20% is already considered an excellent performance level.