Even if it is true that we are in a bull market half the time and in a bear one half the time, this can still be viewed as encouraging statistic because it mean

Even if it is true that we are in a bull market half the time and in a bear one half the time, this can still be viewed as encouraging statistic because it means that companies that start in a bear market do not suffer any excessive weeding out on their way to the fortune 500 as a result of starting in a bear market.