buy straw hats in winter
buy straw hats in winter
Especially of stocks, to buy when both demand and cost are low so that one may then sell when demand and price are high. A phrase attributed to Russell Sage, a 19th-century American investor and financier. Primarily heard in US, South Africa. I made a fortune buying shares in the startup company before smartphone technology became ubiquitous—I bought straw hats in winter, and now they're worth a fortune!
See also: buy, hat, straw, winter
Farlex Dictionary of Idioms.
- winter
- say uncle
- say uncle, to
- up with
- up with (someone or something)
- have (one's) hand out
- pics or it didn't happen
- summon (one) to
- summon to
- pay top dollar