Bear markets are uncomfortable and unpleasant for investors of all experience levels. However, more experienced (and successful) investors, intuitively understand that they are a necessary part of the market cycle.
Bear markets clear out the excesses of bull markets, transform greed into fear, and lead to attractive valuations. Bear markets can also help us identify the next batch of winning stocks that will go on to deliver massive returns. Think about buying Amazon (AMZN) after the dot-com bubble or Apple (AAPL) after the housing bubble.
