For example, will the mutual-fund industry prove as lucrative if the stockmarket enters a bear phase?

ECONOMIST: The bigger they are

Studying the recovery phase of the last seven major bear markets (those down 45% or more, peak to trough), the average gain in year three was 3%.

FORBES: Is The Bull Market Over?

Again, bear in mind that frankly he or she will be more valuable than you at this phase.

FORBES: How Do I Find Good Technical Co-Founders?