
The Investor's Curse
When it comes to investing, the most successful investor, Warren Buffett, has just two rules: “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.” The simplicity yet importance of this quote is the reason why it is one of our favorites at Summerhill. Although the concept of not losing money may seem intuitive, the magnitude of a loss and the simple math associated with it will always be the number one impediment to creating wealth. The best money managers do n