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 Kristie Nettles, V.P., Managing Director and Head of Global Insurance and Institutional (North America) Marketing, Alliance Bernstein Institutional Investor Tara Giuliano, Chief Marketing Officer, Nuveen Institutional Investor Growth Is Expensive. Innovation Doesn’t Have to Be. Sponsored by Northern Trust Asset Management