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 Study Says Life Insurers May Need $4.5B More Capital for Private Credit Holdings Michelle Celarier Late to Private Markets, City of Austin May Have Gotten the Timing Right James Comtois Stagflation: Risks and Opportunities in Global Equities Sponsored by Schroders