I wrote a post last month regarding how Bear market will make you rich, if you are willing to accept that price volatility is part of the investment game. Of course, as Musicwhiz has pointed out right at the end of the comment, the business moat should not be adversely affected by the recession that they are unable to bounce back when things pick up. We will see what Howard Marks have to say about that later. Now, history has shown repeatedly that the market will rebound after a bear market and it appears that many of the financial investors seem to have the warchest and the mental preparation to withstand a dramatic fall in price. However, it is always easier in theory than to walk the talk. Take myself for example, I did a quick exercise on my net worth on equity today versus what it would have ...