This time is different - market or you?

Just like some of you, this is the 3rd time I see huge volatility in market (though it is till far from the previous 1997 & 2008 crisis, where everyone was rushing to sell and wanted to keep more cash ). Probably the real crisis is still not here yet as I do not feel what I felt in the 1st & 2nd crisis, I did not feel like cashing out at whatever price or keep monitoring the price movements of my stocks.

Just as many said, every crisis is different - eg 1997 Asia Financial Crisis triggered by currency crisis and 2008 Global Financial Crisis triggered by the subprime mortgage problem. Well, 2018 - culprit is trade war? So it seems that there are always different elements in the economy that may trigger a crisis.

What about us? Are we acting differently in these crisis - did we learn something from past crisis to improve our re-action so as to take advantage of it instead of being victimised? Are we doing the same right thing or repeating our mistake from previous crisis? 

As for me, I do not re-act too much yet (probably after seeing the last 2 crisis and eventually market will still bounce back, hence I am not that worried somehow). I noted many small cap stocks are already dropped more than 50% from their peak. Isn't that in crisis mode?

What I could recall in the past 2 crisis, I looked at the price compared to the highest and see if it was "cheap" then. I looked at the historical PE and dividend yield but did not pay much attention to whether the company was expected to continue to do well in the future ( if the past could provide a little reference). 

I keep reminding myself, whether the crisis is different this time is not important, the most important is whether I will make the difference this time as crisis do not come often. My past experience was that I could not tell when was the bottom then. When the sentiment started to make a U turn, I was slow to enter and the sharp rebound would make me wanted to wait for a pull back, then I realised I missed  it when it continued to move up......yes, it need some gut to make that move especially it is still on its way down and many said the worst is yet to come...yes, all of us are speculating now, trying to predict when is the bottom.
I don't have to buy at bottom and sell at the peak to make money, I don't believe anyone can do just that. Yes, I have started to accumulate some stocks that appears to offer good margin of safety, also with attractive dividend yield. When the market recovers and the companies  I invested continue to do well, they will probably give double digit dividend yield (based on cost price) - that is my ultimate aim.