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 Greenlight’s October Rebound Fails to Close Gap With S&P Stephen Taub BlackRock Says Hedge Funds Are Key as Diversification Falters in Volatile Markets Julie Segal The Shifting Value Dynamics Between Winter Wheats Sponsored by CME Group