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 A Closer Look at Talent Agency CAA's New Family Office Service John Crabb Podcast: BlackRock’s Rick Rieder Asks ‘What Is Money’ Julie Segal Global Real Estate Rebound: Signs of Sustainable Recovery and Opportunity Sponsored by Nuveen