Nevertheless, the disciplined value investor actually received more dividend income because they purchased more shares at the better valuation. (fastgraphs.com)
However, the real point is that waiting for fair value will produce more dividend income in the long run, generate more capital appreciation and simultaneously reduce risk. (fastgraphs.com)
Not only did waiting for fair valuation produce significantly more capital appreciation, it also produced more dividend income. (fastgraphs.com)