In case of the bull run in the equity market, every stock irrespective of the value start getting new height and it becomes very difficult for a new or an immature player to decide what exactly to do and may end up with the accumulation of the non-worthy stocks in portfolio.
In case of the reverse trend, fall in such stocks may be so heavy that all of the worth may vanish within no time. Only strong stocks can withstand the heavy wind and even if such stocks fall, then also probability of the recovery is very high.
Life Lesson:
When we are on the path of progress and prosperity, we may find so many friends and well wishers around us. But the real worth of a friend or a well-wisher is unearthed in the adversities only. Very few may remain with us in such time of adversity.
So, just like a selection of a proper company in the equity; selection of a proper company of a friend or a well wisher is equally important and may make or mar.