What I learnt from the recent correction

• do not give investment advice to other people (when it is not your profession)
• think about upside and downside in probabilities, but do not forget about black swans
• momentum and valuation both are good indicators for buy and sell-it is impossible to time peak and bottom precisely, but it is not too difficult to avoid at least part of the correction/decline
• taking contrarian positions require extremely strong nerves