A Quote by Seth Klarman

Right at the core, the mainstream has it backwards. Warren Buffett often quips that the first rule of investing is to not lose money, and the second rule is to not forget the first rule. Yet few investors approach the world with such a strict standard of risk avoidance.

Seth Klarman

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Approach Avoidance Backwards Buffett Core Few First Forget Investing Investors Lose Mainstream Money Often Right Risk Rule Second Standard Strict Warren Warren Buffet Warren Buffett World

Quote Author

Seth Klarman
American - Author
Born: May 21, 1957

Warren Buffett likes to say that the first rule of investing is "Don't lose money," and the second rule is, "Never forget the first rule." I too believe that avoiding loss should be the primary goal of every investor. This does not mean that investors should never incur the risk of any loss at all. Rather "don't lose money" means that over several years an investment portfolio should not be exposed to appreciable loss of principal.

Seth Klarman

The first rule is not to lose. The second rule is not to forget the first rule.

Warren Buffett

President Obama likes to talk about the Buffett Rule. Well, here's a Buffett Rule that all Americans should be able to support: mom and pop businesses should not pay a higher tax rate than Fortune 500 corporations like Warren Buffett's.

Rob Portman

Admit nothing - that was his first rule. Appeal to logic - second rule. Delay the inevitable - third rule.

Cinda Williams Chima

Welcome to Fight Club. The first rule of Fight Club is: you do not talk about Fight Club. The second rule of Fight Club is: you DO NOT talk about Fight Club! Third rule of Fight Club: if someone yells “stop!”, goes limp, or taps out, the fight is over. Fourth rule: only two guys to a fight. Fifth rule: one fight at a time, fellas. Sixth rule: the fights are bare knuckle. No shirt, no shoes, no weapons. Seventh rule: fights will go on as long as they have to. And the eighth and final rule: if this is your first time at Fight Club, you have to fight.

Chuck Palahniuk

10 Rules for Being Human: Rule #1 - You will receive a body. Rule #2 - You will be presented with lessons. Rule #3 - There are no mistakes, only lessons. Rule #4 - The lesson is repeated until learned. Rule #5 - Learning does not end. Rule #6 - "There" is no better than "here". Rule #7 - Others are only mirrors of you. Rule #8 - What you make of your life is up to you. Rule #9 - Your answers lie inside of you. Rule #10 - You will forget all this at birth.

Cherie Carter-Scott

The [Five Second Rule] has many variations, including The Three Second Rule, The Seven Second Rule, and the extremely handy and versatile The However Long It Takes Me to Pick Up This Food Rule.

Neil Pasricha

First rule of politics: you can't win unless you're on the ballot. Second rule: If you run, you may lose. And, if you tie, you do not win.

Donald Rumsfeld

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

Warren Buffett

There is a simple rule here, a rule of legislation, a rule of business, a rule of life: beyond a certain point, complexity is fraud. You can apply that rule to left-wing social programs, but you can also apply that rule to credit derivatives, hedge funds, all the rest of it.

P. J. O'Rourke

There are three rules for being in the Paper Route Illuminati. Rule number one: get the money first. Rule number two: don't forget to get the money. How do you make that money? You can't make money without making sacrifices.

Young Dolph

The first rule of economics is that there is an infinite number of desires chasing a finite number of goods, services and resources. The first rule of politics is to ignore the first rule of economics.

Thomas Sowell

He does not rule us. No one can rule us. No one can rule anyone who does not first agree to the ruling." She smiled a trace at Aeriel and patted the little camp dog, which was whining for more tidbits. "One must rule oneself.

Meredith Ann Pierce

First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.

Douglas Horton

Truly wealthy people develop the habit of "getting rich slow" rather than "getting rich quick." To assure this, they have two rules with regard to money. Rule number one: Don't lose money. Rule number two: If ever you feel tempted, refer back to rule number one, "don't lose money."

Brian Tracy

There are rules for hiding in plain sight. The first rule, or at least the one that Sandor repeats most often, is “Don’t be stupid.” I’m about to break that rule by taking off my pants.

Pittacus Lore

A Quote by Seth Klarman

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