It is very likely that Nathan Mayer Rothschild never said this.
Baron Rothschild and the Waterloo Legend
Speaking of uncertain things about this particular Baron Rothschild (there are many Baron Rothschilds and more than one Nathan), the other famous story about him is also arguably not true (but also full of useful, but again antisocial, investing advice).
The story goes that Nathan used early knowledge of victory at the Battle of Waterloo to speculate on the stock exchange and make a vast fortune (one of the places the Rothschild fortune is said to come from; although, again, the whole story is likely not true, so keep that in mind).
Regardless of if the quote or story is true, the message as noted above is a great way to convey contrarian investing advice.
When everyone is selling in a panic, that is the time to buy… now, causing the panic by offering up wrong information to the public (which is what Nathan is said to have done) is not something one would be advised to do (for a number of reasons). However, you should be on the lookout for others doing it. People often spread fake stories in order to “pump” and/or “dump” a stock to spur on a bull-run or crash.
Baron Rothschild and the Waterloo Legend
Speaking of uncertain things about this particular Baron Rothschild (there are many Baron Rothschilds and more than one Nathan), the other famous story about him is also arguably not true (but also full of useful, but again antisocial, investing advice).
The story goes that Nathan used early knowledge of victory at the Battle of Waterloo to speculate on the stock exchange and make a vast fortune (one of the places the Rothschild fortune is said to come from; although, again, the whole story is likely not true, so keep that in mind).
Regardless of if the quote or story is true, the message as noted above is a great way to convey contrarian investing advice.
When everyone is selling in a panic, that is the time to buy… now, causing the panic by offering up wrong information to the public (which is what Nathan is said to have done) is not something one would be advised to do (for a number of reasons). However, you should be on the lookout for others doing it. People often spread fake stories in order to “pump” and/or “dump” a stock to spur on a bull-run or crash.
