DAILY WALL STREET WISDOM · #003
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“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.”
🇺🇸Warren Buffett
CEO, Berkshire Hathaway
WHAT IT MEANS
Capital preservation is the foundation of wealth building. Buffett emphasizes that avoiding permanent losses of capital is more important than chasing gains, because recovery from losses requires disproportionately larger returns.
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