Stocks Lose Money In Bear Markets...Or Do They?

Read the full article at: http://barelkarsan.com/2008/11/stocks-lose-money-in-bear-marketsor-do.html
(via barelkarsan.com)

It's no secret that value investors (including us) believe the market is overly optimistic when times are good, and far too pessimistic when times are bad. As a result, there are profit opportunities for those with a long-term outlook. But when we say long-term, are we talking decades, or just a couple of years?