It is considered that the bear market has low stock price, low purchase cost, high security, large room for later growth and high expected profit. Therefore, top investors prefer bear market, which belongs to top investment thinking. In the bull market, the trading volume is large and the stock price rises sharply. The cost of buying first-hand (1 shares) stocks is high, and the number of stocks in the market is limited. Because too many people buy stocks, the supply is in short supply, the demand is large, the supply is small, and the price is much higher than the value, so the transaction cost will increase. The so-called high security means low price, low valuation and low technical position. In a bear market, the technology and fundamentals of stocks are relatively low.

Buffett, the top investment guru, has a profound insight into stock price and security. He is world-famous for his phrase "fear when others are greedy, greed when others are afraid", which reflects Buffett's extraordinary investment. The so-called big space is biased towards technical standards, while high profits are biased towards fundamental standards. Here, space refers to rising space, and profit refers to appreciation profits. After buying in a bear market, the space is large and the profit is high, but after buying in a bull market, the space is limited and even the principal is lost. Buffett, the top investment guru, has always liked companies with low prices and low P/E ratios. In his investment, it is precisely because of his bold bargain-hunting in the bear market that he earned wealth that others could not.

Real top investors have top-level investment thinking, and others are afraid, but he is greedy and others are afraid to make moves, but he is fearless. Top investors like bear market. Buying at the low point of the bear market has the advantages of low price, low cost, higher security, large upside in the future and high expected return. In the bull market, because of short-term thinking, "old investors" will fluctuate because of clear feelings once there is trouble in the early stage of the bull market and the stock market fluctuates. Up and down like an elevator, the profit is not as safe as a bear market. On the contrary, new investors feel calm, because they have not experienced the risk of the stock market, hold it calmly all the way and like the bull market. This is why a bull market may not make money. Top investors like bear markets, which means that they can find a bear market "gold mine" in the bear market, which can lurk in the future bull stocks in advance. But if there is no bull market, even if the "gold mine" is excavated, the value cannot be realized.

for example, in a stock market, the longest bull market is only about two years, while the bear market is often very long, usually about four years or even longer. A In bull market and bear market, there are not many opportunities for bull market. There are few opportunities and less possibilities for profit. Unable to make a profit, even top investors can only bear the name of "top". Without profit, top investors can only cooperate with ordinary investors on an equal footing. Top investors like bear markets. If they were born in America, I'm afraid there wouldn't be so many bear markets and opportunities to pick up bargains. No matter whether A shares are still overseas markets, there is no doubt that a bull market is more desirable, and no one yearns for a bear market. In the bull market, even if the stock is locked, there will be more opportunities to solve it in the future. If it's in a bear market, I'm afraid it's not so easy. When it's bad or just cutting meat, investors lose real money.