"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1"
- Warren Buffett
About this Quote
This quote by Warren Buffett is a tip to always bear in mind the threats associated with investing. It is a pointer to always be aware of the potential for losses and to never ever take unnecessary risks. The first rule, "Never lose cash," is a pointer to constantly understand the potential for losses and to never ever take unneeded dangers. The second guideline, "Never forget rule No. 1," is a reminder to always keep the very first rule in mind and to always remember the potential for losses. This quote is a suggestion to always bear in mind the dangers associated with investing and to never take unnecessary risks. It is a reminder to constantly be aware of the capacity for losses and to never forget the first rule. By following these two basic rules, investors can guarantee that they are making wise and educated choices when it comes to their investments.
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