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Obama to Tackle Economic Crisis Head On

Obama to Tackle Economic Crisis Head On

President-elect Barack Obama is meeting with his team of economic advisers today to discuss plans to strengthen the weakened economy. At the top of the agenda: mending the troubled financial system, record job losses, and an auto industry on the verge of collapse.

Steer Clear of the Safety Bubble

There are two connected objectives in the world of investing: Make a good amount of money on the way up, and don’t lose too much on the way down. Most of the time, investors lean heavily on the first and nearly ignore the second. That has led legendary investor Warren Buffett to flip the priorities: “Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.”

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