After this correction I have learned some valuable things that I would like to share with you ✍️.
1° The Market doesn't Care how Undervalued a Stock looks 📉
I have seen from my own experience how a company like $HPE (-1.21%) fell almost 20% in days even below its book value, making a correction almost as big or bigger than other +30% P/E companies.
2° It is always necessary to keep cash reserves 💵
We cannot predict what the market will do but if we have cash reserves we can take advantage when the market drops by 7, 8, 10 or 20%.
And that's precisely what will probably make us outperform in the long run 🚀📈.
3° Investing in Value is Better than Investing in High Expectations 💰>💸
Although my portfolio has fallen other companies with much higher P/E ratios have corrected much more companies like $SPOT (+4.49%)
$SOFI (+1.71%)
$TSLA (-1.98%)
$SHOP (-2.64%) and a long list have corrected up to 40-50%.