As 2022 showed, Wall Street can be unpredictable. When the curtain closed, the iconic Dow Jones Industrial Average, all-encompassing S&P 500, and growth-driven Nasdaq Composite, respectively lost 9%, 19%, and 33% of their value. It was the worst performance for each index since 2008.

However, the closest thing to a guarantee offered by Wall Street is that patience pays handsomely. Despite more than three dozen double-digit percentage corrections in the S&P 500 since the beginning of 1950, every single one of these declines (save for the current bear market) was eventually whisked away by a bull market rally. In short, bear markets are a phenomenal opportunity to buy stakes in great businesses at a discount.

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Source Fool.com