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 Tokenized Equities Push to Go Mainstream — But the Rulebook Isn’t Ready John Crabb Dimensional: Institutions Are Slowing Private Market Investments John Crabb Energy-Hungry India Offers Opportunities for U.S. Oil, Natural Gas Exports Sponsored by CME Group