buy the rumor, sell the fact en · X
Meanings
- One should purchase an asset based on positive speculation before an expected positive event, and then sell it once the event occurs for a profit, as the price often falls after the news breaks, because the anticipation has already elevated the asset price.
Relateds
buy the rumor, sell the news · value investing · be fearful when others are greedy · be greedy when others are fearful · buy when it snows, sell when it goes · buy low, sell high · sell in May and go away · buy high, sell higher · buy the dip