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 Churchill’s Ken Kencel on Private Credit’s Second Act Julie Segal PivotalPath: Hedge Funds Post One of Their Best First Halves in Nearly Three Decades The Editorial Team Infrastructure Is No Longer Optional: At the Center of Geopolitics, Technology, and Economic Regime Change Sponsored by KKR