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 Why Gulf Markets Haven’t Reacted — Yet Hassan Jivraj Podcast: What Institutions Missed While Chasing Private Markets Julie Segal Why Monthly U.S. Jobs Reports Diverge but Long-Term Trends Align Sponsored by CME Group