An Intelligence Network Faster Than Governments
The Rothschild family built an intelligence network — carrier pigeons, fast ships, dedicated couriers — that outpaced the governments of the day. Legend has it that at the Battle of Waterloo in 1815, Nathan Rothschild learned of Wellington’s victory ahead of the British government and made a fortune in the bond market on the strength of it (a version much exaggerated and embroidered by posterity). True or not, it captures a real truth: in the world of finance, information is wealth — whoever knows first, wins.