In 1815, while Europe awaited news of the Battle of Waterloo, Nathan Rothschild in London already knew that the British had been victorious. In order to make a financial killing, he then depressed the market by selling British Government securities; those who watched his every move in the market did likewise, concluding that Waterloo had been lost by the British and their allies. At the proper moment he bought back in at the low, and when the news was finally generally known, the value of government securities naturally soared.