The S&P 500 ended 2022 just shy of a 20% loss for the year. A 20% decline is how many investors define a bear market, so while 2022 might not technically make the cut, market watchers are feeling the pinch.

The good news is that a bad year is often followed by a good one ... but not always. So what should investors expect for 2023? For many nuggets of investing wisdom, it's worthwhile to pay attention to what the Oracle of Omaha, Warren Buffett, says on the topic. Here's some advice to think about as you gear up for investing decisions in 2023.

Prior to 2022, the most recent year the market ended with a loss was in 2018 when the S&P 500 fell 4.4% (including dividends). Within that "light" loss, however, the market was mixed, and many stocks ended the year hitting new highs. Amazon stock, for example, gained 28% in 2018.

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Source Fool.com