A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

Recent entries:
“Rule #1 to working out: Never skip Monday” (5/26)
“Music picks you up from where people leave you” (5/26)
“My college graduation was in an arena, and it was hot in there, like 5,000 degrees” (5/26)
“In America, you can always find a party. In Russia, the party always finds you” (5/26)
“Some people just need a high-five. In the face. With a chair” (5/26)
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Entry from March 21, 2010
“Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.”

American investor Warren Buffett has two investment rules:

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

Buffett has been cited with these rules since at least August 1985.


Wikiquote: Warren Buffett
Warren Edward Buffett (born 30 August 1930) is an American investor and the CEO of Berkshire Hathaway.
(...)
General rules
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

Google News Archive
27 September 1984, Owosso (MI) Argus-Press, pg. 17, col. 1:
Ruke number one in sports prognosticating (and especially betting).
(1) “There’s no such thing as a sure thing.”
Rule number two.
(2) never, never forget rule number one.

5 August 1985, American Dental Association News, “The wisdom of Warrne Buffet,” pg. 10, col. 3:
Rule No. 1: Never lose money.
Rule No. 2: Never forget Rule No. 1.

Google Books
28 September 1986, Milwaukee (WI) Journal, “Contrarian tortoise” by Ray Kenney, pg. 2D, col. 2:
“Buffet (sic) has two rules on investing.” Arnold said. “One, don’t lose. Two, never forget rule one.”

Google Books
The Midas Touch:
The Strategies That Have Made Warren Buffett America’s Pre-Eminent Investor

By John Train
New York, NY: Harper & Row
1987
Pg. 96:
Remember Buffett’s two key rules for successful investing:
Rule No. 1. Never lose money.
Rule No. 2. Never forget Rule No. 1.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Sunday, March 21, 2010 • Permalink