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 Premium Valiant, D1 Lead Tigers Through Volatile First Quarter Stephen Taub Markets, Mentorship, and Resilience: Redefining Investment Education Rip Reeves Conversations with Wellington’s Hedge Fund Talent | InvestorExchange Podcast Sponsored by Wellington Management