Business Quote by Warren Buffett
“Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.”
About This Quote
Source Letter: Berkshire Hathaway Annual Report, 1998
Prioritize protecting capital; when uncertain, revert to that principle.
In simple terms: Protect capital first.
Key Takeaway
Follow the primary rule in doubt.
Themes
finance
risk management
principles
Mood
pragmatic
steady
Type
advice
financial
When to use this quote
- investing
- budget planning
- financial emergencies
Key Concepts
capital preservation
decision making
Questions to Reflect On
- When might breaking the rule be beneficial?
- How do you balance risk and opportunity?
A Different Perspective
Rigid rules may limit flexibility.
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