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 Your CapEx Is My Opportunity: The Benchmark Arbitrage of the AI Buildout PivotalPath: The Dramatic Market Rebound in April Tested Quant Funds Julie Segal How Nonprofits of Varying Sizes Can Tap Into Big-firm Investment Expertise Sponsored by Fidelity Investments