What’s the first rule of investing again? (Part 1 of 2)

I tell you, the majority of retail investors out there can parrot the correct answer.

And they can even throw in rule no. 2 for added effect!

However, the reality is most of them never listened to Warren Buffett; know how to quote only (someone should tell them that upon leaving school, quoting other people does not carry any brownie points like in tests or exams). Don't believe? Just open up your portfolio.

Remember this next time you want to impress others with your favourite Warren Buffett quotes...

If you never put into practice rules 1 and 2, how to convince others with a straight face you are a practicing acolyte of Warren Buffett?

While you are reflecting, you might want to verify whether Warren Buffett ever lost money in investing?

If he did, what to make of his "advice" to us?

Don't look at me... I'm not his fan. The only thing I have in common with him is that we both like our Coke. Wait a minute... Do I have Coke in my portfolio?

Singapore Man of Leisure (welcome to my blog; just google it!

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