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 Biotech Surge Sends Averill to the Top of February’s Market Winners Stephen Taub GMO to Investors: Stop Gambling With Your Assets James Comtois Is Bitcoin’s "Digital Gold" Narrative Losing Its Shine? Sponsored by CME Group