Anybody who plays the stock market not as an insider is like a man buying cows in the moonlight.

The tactic was used in the Erie War of the 1860s where he blocked arch rival Cornelius Vanderbilt from getting ownership of the Erie Railroad. In 1866 to 1868 Drew engaged in the Erie War in which Drew conspired along with fellow directors James Fisk and Jay Gould to issue stock to keep Vanderbilt from gaining control of the Erie Railroad. Drew enlisted and drilled but because he enlisted too late never fought in the War of 1812.

The tactic was used in the Erie War of the 1860s where he blocked arch rival Cornelius Vanderbilt from getting ownership of the Erie Railroad. The term supposedly came from his time in the cattle business when he would have his cattle drink water before selling them to increase their weight temporarily. Daniel Drew (July 29 1797 – September 18 1879) was an American financier.