In this podcast series on Warren Buffett, Pete and Steve dissect some of Buffett's best known quotes to determine what Buffett means and how you can use Buffett's philosophy to improve your investment prowess. In this opening episode, Pete and Steve discuss the meaning behind Buffett's best known quote "Rule No.1 - Don't Lose Money and Rule No. 2 is Don't Forget Rule No. 1". Pete and Steve also get the chance to throw in a few more Buffettisms and what the quote has to do with risk and your stock or property portfolio. They also discuss how Buffett thinks about risk, patience and of course CAPE and why the earnings yield is so important for investment success. And end this episode with some advice when thinking about investing. Thanks for listening! Download a free copy of our latest book, Total Money Management – How to escape the rat race and unlock your financial independence. www.gonextlevelwealth.com.au/podcast Pete Wargent www.petewargent.com/ www.linkedin.com/in/pete-wargent-37228322/ Stephen Moriarty twitter.com/SGM63