The Dogs of the Dow is a value investing strategy that selects high-dividend-yielding stocks from the Dow Jones Industrial Average (DJIA). The approach involves investing in the ten highest dividend-yielding stocks at the start of the year, with the expectation that these dogs are undervalued and will rebound, providing both income and capital appreciation. This strategy emphasizes stable, established companies with strong cash flows, making it a conservative, income-oriented approach.

In contrast, growth investing targets companies with high revenue and earnings growth potential, often in emerging industries or innovative sectors. Growth investors prioritize capital appreciation over dividends, focusing on companies that reinvest profits into expansion rather than paying shareholders. These stocks often have higher valuations and volatility, as their success depends on future performance rather than current stability.

While the Dogs of the Dow relies on historical performance and dividend metrics, growth investing is forward-looking, emphasizing future potential. The Dogs of the Dow tend to perform well in stable or recovering markets, while growth investing thrives in bullish, high-risk environments. Ultimately, the choice between the two depends on an investor's risk tolerance, time horizon, and income versus growth preferences. Combining both strategies can provide a balanced portfolio, blending stability with growth potential.