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 Don’t Want Crypto in Your Portfolio? You Might Need to Look Closer at Your Equity Funds. James Comtois Biopharma Funds Deliver Market-Beating Returns as Valuations Snap Back Stephen Taub 6 for 2026: Essential Questions for Investors Sponsored by BNY Investments