There is a legend told
that on the day of the Battle of Waterloo, Nathan Mayer Rothschild came
to the floor of the London Stock Exchange, leaned against a pillar, and
started selling.
It was well known that the Rothschilds had their own independent sources of information and intelligence, and nobody knew the results of the battle, so when he began to sell, everyone thought that England had lost, and they began selling, too.
That forced a panic in the market. As much as 15%-20% of the value of the stocks fell in about three hours.
And after they had fallen so low, Rothschild turned around and began buying.
It is said that he knew all along that the Duke of Wellington had defeated Napoleon and that the British market would go up.
And when the official news came the next day that the British had won, the market went up 1000 points, making Rothschild even wealthier.
It is reputed that on that coup alone, a substantial amount of the Rothschild fortune was made.
It was well known that the Rothschilds had their own independent sources of information and intelligence, and nobody knew the results of the battle, so when he began to sell, everyone thought that England had lost, and they began selling, too.
That forced a panic in the market. As much as 15%-20% of the value of the stocks fell in about three hours.
And after they had fallen so low, Rothschild turned around and began buying.
It is said that he knew all along that the Duke of Wellington had defeated Napoleon and that the British market would go up.
And when the official news came the next day that the British had won, the market went up 1000 points, making Rothschild even wealthier.
It is reputed that on that coup alone, a substantial amount of the Rothschild fortune was made.
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