Words to Remember
Live To Invest Another Day 🧠
“Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.”
Why we ran it
War between Israel, the U.S. and Iran put the Strait of Hormuz, and 20% of the world's oil, in the crosshairs. The issue walked through the energy shock and which sectors win or lose. Buffett's two rules were the reminder that the first job in a shock is staying in the game.
From the March 6, 2026 issue: Oil, Inflation, and the Strait of Hormuz →