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Stay calm and let the bear back down.

A bear market can be incredibly stressful. Your net worth shrinks, and future plans can feel incredibly imperiled. The fight-or-flight response can kick in, but the sanest approach is to remain calm. In fact, bear markets aren’t really so different from real-life bear encounters. Once, I went solo backpacking on the Lost Coast, a 26-mile stretch in Northern California where the rocky shoreline…