To us the 2 most important investment rules are:
- Strive to never lose money;
- Never forget Rule 1!
This adage, made famous by Warren Buffet is our guiding light and we strive to ensure capital preservation. We believe that if we contain the downside, superior returns will be taken care of by a multitude of options i.e. business/ strategic developments, appreciation of earning power of companies, investor psychology, etc.