This correction already taught me more than the entire covid drop in 2020. Grateful to experience this while I’m young.
For me the main lessons are:
- Liquidity (interest rates, FED) moves markets
- There’s almost always a moment to buy a business at a more attractive valuation. Have some patience( $PATH, $SE, $MELI, $DDOG)
- Don’t overestimate yourself
- Do not underestimate the power of having a steady cash reserve
What are the most important lessons for you? Tell me!