Focus on owning the correct business, corrections will not matter. 9 basic principles of investing in small- and mid-cap stocks

All segments of the market have witnessed a decline in the last eight weeks. The whole street is talking about FII selling and its impact – and whether or not it is over. It is not the first time – nor will it be the last – that such corrections have taken place. Just this year, in March, market breadth suffered a lot, though at that time the cut in the Nifty and Sensex was lesser than what it has been this time. As an investor, your focus has to be on owning the correct business – and not corrections.