Even Warren Buffett isn't immune to bear markets. Last year, some of the billionaire investor's most exciting picks delivered dismal returns. One of those players was e-commerce and cloud-computing giant, Amazon (NASDAQ: AMZN). The stock sank 49%, underperforming the S&P 500 index.

But here's the good news: Difficult market times and declines in top stocks like Amazon won't last forever. In fact, a bull market is on the way. How can I be so sure? History shows that bull markets always follow bear markets. And in one of those optimistic, rising markets, growth stocks -- such as Amazon -- could thrive. Let's take a closer look at why.

First, let's check out why this Buffett stock sank in the first place. Higher inflation has hurt Amazon in two ways: It's driven Amazon's costs higher on everything from running warehouses to delivering packages; and it's weighed on consumers' buying power. That means they have less to spend -- even on essentials.

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Source Fool.com