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October 2011



Buffett's two rules of investing and Fairholme

October 19, 2011 – Comments (2)

Warren Buffett's first two rules of investing are: 1. don't lose money, and 2. don't forget rule 1. It's not, buy strong companies at good prices. Buffett is risk averse because if you lose 50 percent in one year, the next you'll need a gain of 100 percent just to make yourself whole. That's hard. It's a lot harder than losing 20 percent in one year, and then having to gain 25 percent the next to break even.  [more]

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