Investors fear bear markets, and understandably so. After all, nobody likes to see the value of their portfolio drop by 20% or more. Warren Buffett, on the other hand, takes a different view. He said in a 1990 letter to Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) shareholders that he "welcomed" a 50% decline in Wells Fargo (NYSE: WFC) earlier that year. The reason was simple. He was happy to jump on the chance to buy more shares at a deeply discounted price. Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout.
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