Nepal, April 12 -- The legendary investor Warren Buffett once said, investing is simple but not easy. Assets have always been ruled by the cycle of greed and fear. A bull follows a bear, and vice versa. It is a cliche, but securities-equities, fixed income, commodities, real estate, derivatives and what have you-do not always go up nor do they stay down forever. A bull market is sustained so long as someone-a greater fool-is willing to pay a higher price expecting the price to go even higher. Once this stops, the cycle goes the other way. When a bottom is forming, let us say in equities, many would have sustained memories so bad they swear off stocks, and this is what sets the foundation for the next up cycle.

In a typical market, the ma...