MacroGlide on Instagram: "John Bogle, the founder of Vanguard, built his philosophy on the belief that fundamentals matter far more than market valuations in driving long-term returns. He argued that short-term stock prices often swing wildly because of speculation, sentiment, or valuation shifts, but these fluctuations tend to wash out over time. What endures are fundamentals: corporate earnings, dividends, and long-term economic growth. In his research, Bogle showed that nearly all of the stoc