The past year has been hard for many investors. Runaway inflation and rising interest rates sent the S&P 500 spiraling into a bear market, and the benchmark index is currently on pace to produce its worst return since 2008. Drawdowns of that magnitude can be a nerve-wracking experience, but understanding a few important facts can help investors keep calm and make better decisions.

Here are four things the smartest investors know about bear markets.

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Source Fool.com