"The way to make money is to buy when blood is running in the streets"
- John D. Rockefeller
About this Quote
John D. Rockefeller's quote suggests that the very best way to make money is to purchase when the market is in a state of panic. This indicates that when the market remains in a state of worry and unpredictability, investors ought to benefit from the low costs and purchase stocks. This strategy is based on the concept that when the market eventually recuperates, the stocks acquired at a low rate will be worth more than what was spent for them. This technique is often referred to as "purchasing low and selling high". By benefiting from market slumps, financiers can make a profit when the marketplace recuperates. Rockefeller's quote is a reminder that financiers ought to not hesitate to take advantage of market downturns and purchase when the marketplace remains in a state of panic.
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