Don't Lose Money First

Warren Buffett's most famous rule — never lose money — is treated as a joke. It isn't.A 50% loss needs a 100% gain just to break even. A 90% loss needs 900%. The arithmetic of recovery is far crueler than it feels in the moment, and the deepest losses are measured not in dollars but in years you never get back.Don't Lose Money First is a short, plain-spoken field guide to the five ways investors g...