The First Rule of Investing: Don't Lose Money That's also the second rule of investing, says Blackstone's Stephen Schwartzman, because if you don't lose money, you will significantly outperform the market. Related Articles Dimensional: Institutions Are Slowing Private Market Investments John Crabb Be the Signal: Why Conviction at Series A/B Shapes the Market Maryann Umoren Selfe What History Reveals About U.S. Debt Downgrades Sponsored by CME Group