--- title: "Meaning & Key Takeaway of: Fundamentals that you read about are…" description: "\"Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them “funny-mentals”. However, if you..." image: "https://sms4smile.com/quotes/i/13a/ed-seykota-15107_believe_fundamentals-that-you-read-about-are-typ_567518.png" --- # Fundamentals that you read about are typically useless as… ![“Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them “funny-mentals”. However, if you catch on early, before others believe, you might have valuable “surprise-a-mentals”.” quote by Ed Seykota](https://sms4smile.com/quotes/i/13a/ed-seykota-15107_believe_fundamentals-that-you-read-about-are-typ_567518.png) [Download](https://sms4smile.com/quotes/i/13a/ed-seykota-15107_believe_fundamentals-that-you-read-about-are-typ_567518.png) [Open image](https://sms4smile.com/quotes/i/13a/ed-seykota-15107_believe_fundamentals-that-you-read-about-are-typ_567518.png) > “Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them “funny-mentals”. However, if you catch on early, before others believe, you might have valuable “surprise-a-mentals”.” [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Common market fundamentals are often already priced in; early adopters of novel ideas may capture unexpected gains. **In simple terms:** Standard fundamentals are priced; early novel ideas can profit. Key Takeaway Seek undervalued, unconventional insights early. Themes finance innovation timing Mood analytical strategic Type investment philosophical When to use this quote - trading strategies - investment research - risk management Key Concepts alpha generation market efficiency Questions to Reflect On - How can you identify genuine early signals? - When should you trust unconventional analysis? A Different Perspective Early ideas may be dismissed as noise before proving value. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Investing](https://sms4smile.com/quotes/about/investing/) [Surprise](https://sms4smile.com/quotes/about/surprise/) ## Related quotes > [Believe you are valuable despite what others may think of you !Remember that we have meaning and if you believe in yourself you can…](https://sms4smile.com/quotes/jsv/believe-you-are-valuable-despite-what-others-may-think-of-you/) [JSV](https://sms4smile.com/quotes/author/jsv/) > [“I learned that I must redefine what I believe is valuable and make sure I’m included within that definition.”](https://sms4smile.com/quotes/bren-brown/i-learned-that-i-must-redefine-what-i-believe-is-valuable-and-make/) [Brené Brown](https://sms4smile.com/quotes/author/bren-brown/) > [I had made what I believe was one of the more valuable decisions of my business life. This was to confine all efforts solely…](https://sms4smile.com/quotes/philip-arthur-fisher/i-had-made-what-i-believe-was-one-of-the-more-valuable-decisions-of/) [Philip Arthur Fisher](https://sms4smile.com/quotes/author/philip-arthur-fisher/) > [The core of Wikipedia is something people really believe in. That is too valuable for the world to screw it up.](https://sms4smile.com/quotes/jimmy-wales/the-core-of-wikipedia-is-something-people-really-believe-in-that-is/) [Jimmy Wales](https://sms4smile.com/quotes/author/jimmy-wales/) > [We are searching for the same thing,” Stripey said. “How do you know?” Janco asked. “I read his mind.” The Sitian pointed to Ari.…](https://sms4smile.com/quotes/maria-v-snyder/we-are-searching-for-the-same-thing-stripey-said-how-do-you-know/) [Maria V. 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A minor incident in the street brings the cook to…](https://sms4smile.com/quotes/fernando-pessoa/what-s-given-in-fact-always-depends-on-the-person-or-thing-it-s-given/) [Fernando Pessoa](https://sms4smile.com/quotes/author/fernando-pessoa/) > [Babbo's menu is only four pages, but it's overwhelming - there are 20 different pastas in there, a lot of stuff. There is nothing…](https://sms4smile.com/quotes/joe-bastianich/babbo-s-menu-is-only-four-pages-but-it-s-overwhelming-there-are-20/) [Joe Bastianich](https://sms4smile.com/quotes/author/joe-bastianich/) > [I've always felt that dark lyrics with dark music is pretty useless. Maybe that's a strong statement - not useless, but for me, it's…](https://sms4smile.com/quotes/andrew-bird/i-ve-always-felt-that-dark-lyrics-with-dark-music-is-pretty-useless/) [Andrew Bird](https://sms4smile.com/quotes/author/andrew-bird/) > [No one is useless…Those people are used less...](https://sms4smile.com/quotes/anamika-singh/no-one-is-useless-those-people-are-used-less/) [Anamika Singh](https://sms4smile.com/quotes/author/anamika-singh/) > [It is useless to talk virtue to a starving girl.](https://sms4smile.com/quotes/anna-howard-shaw/it-is-useless-to-talk-virtue-to-a-starving-girl/) [Anna Howard Shaw](https://sms4smile.com/quotes/author/anna-howard-shaw/) > [If somebody tells you 'History will never forgive you,' just laugh at him! Because when the history comes, you won't be here! The threat…](https://sms4smile.com/quotes/mehmet-murat-ildan/if-somebody-tells-you-history-will-never-forgive-you-just-laugh-at/) [Mehmet Murat Ildan](https://sms4smile.com/quotes/author/mehmet-murat-ildan/) > [Because there are three classes of intellects: one which comprehends by itself; another which appreciates what others comprehend; and a third which neither comprehends…](https://sms4smile.com/quotes/niccolo-machiavelli/because-there-are-three-classes-of-intellects-one-which-comprehends/) [Niccolo Machiavelli](https://sms4smile.com/quotes/author/niccolo-machiavelli/) > [If japa is maintained, no useless talk during work will be possible. The mind will always remain peaceful. Modern day diseases are mostly psychosomatic.…](https://sms4smile.com/quotes/mata-amritanandamayi/if-japa-is-maintained-no-useless-talk-during-work-will-be-possible/) [Mata Amritanandamayi](https://sms4smile.com/quotes/author/mata-amritanandamayi/) ## More by Ed Seykota > [The idea of searching for some secret for trading success misses the point.](https://sms4smile.com/quotes/ed-seykota/the-idea-of-searching-for-some-secret-for-trading-success-misses-the/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [Longevity is the key to success,](https://sms4smile.com/quotes/ed-seykota/longevity-is-the-key-to-success/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [Risk no more that you can afford to lose, and also risk enough so that a win is meaningful.](https://sms4smile.com/quotes/ed-seykota/risk-no-more-that-you-can-afford-to-lose-and-also-risk-enough-so-that/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [It is a happy circumstance that when nature gives us true burning desires, she also gives us the means to satisfy them. Those who…](https://sms4smile.com/quotes/ed-seykota/it-is-a-happy-circumstance-that-when-nature-gives-us-true-burning/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [Traders and Surfers both have to deal with feelings of missing out on the small ones, until the big one comes along. They also…](https://sms4smile.com/quotes/ed-seykota/traders-and-surfers-both-have-to-deal-with-feelings-of-missing-out-on/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [I think that if people look deeply enough into their trading patterns, they find that, on balance, including all their goals, they are really…](https://sms4smile.com/quotes/ed-seykota/i-think-that-if-people-look-deeply-enough-into-their-trading-patterns/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [The biggest secret about success is that there isn't any big secret about it, or if there is, then it's a secret from me,…](https://sms4smile.com/quotes/ed-seykota/the-biggest-secret-about-success-is-that-there-isn-t-any-big-secret/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [Markets are fundamentally volatile. No way around it. Your problem is not in the math. There is no math to get you out of…](https://sms4smile.com/quotes/ed-seykota/markets-are-fundamentally-volatile-no-way-around-it-your-problem-is/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5.…](https://sms4smile.com/quotes/ed-seykota/the-trading-rules-i-live-by-are-1-cut-losses-2-ride-winners-3-keep/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [Trend following is an exercise in observing and responding to the ever-present moment of now](https://sms4smile.com/quotes/ed-seykota/trend-following-is-an-exercise-in-observing-and-responding-to-the/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [If you can't take a small loss, sooner or later you will take the mother of all losses.](https://sms4smile.com/quotes/ed-seykota/if-you-can-t-take-a-small-loss-sooner-or-later-you-will-take-the/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [Everybody gets what they want out of the market](https://sms4smile.com/quotes/ed-seykota/everybody-gets-what-they-want-out-of-the-market/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [The trend is your friend except at the end where it bends](https://sms4smile.com/quotes/ed-seykota/the-trend-is-your-friend-except-at-the-end-where-it-bends/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible.](https://sms4smile.com/quotes/ed-seykota/systems-don-t-need-to-be-changed-the-trick-is-for-a-trader-to-develop/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger…](https://sms4smile.com/quotes/ed-seykota/if-you-want-to-know-everything-about-the-market-go-to-the-beach-push/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) [Explore all 44 Ed Seykota quotes ](https://sms4smile.com/quotes/author/ed-seykota/) ## More Believe quotes > [I actually think acting is a form of self-hypnosis. You have to be hyper, hyper aware of what's going on around you. You have…](https://sms4smile.com/quotes/julianne-moore/i-actually-think-acting-is-a-form-of-self-hypnosis-you-have-to-be/) [Julianne Moore](https://sms4smile.com/quotes/author/julianne-moore/) > [Some people still believe you should just fall in line with what's going on - and that's scary. It makes a mockery of freedom…](https://sms4smile.com/quotes/emily-robison/some-people-still-believe-you-should-just-fall-in-line-with-what-s/) [Emily Robison](https://sms4smile.com/quotes/author/emily-robison/) > [The truth seems to be that propaganda on its own cannot force its way into unwilling minds; neither can it inculcate something wholly new;…](https://sms4smile.com/quotes/eric-hoffer/the-truth-seems-to-be-that-propaganda-on-its-own-cannot-force-its-way/) [Eric Hoffer](https://sms4smile.com/quotes/author/eric-hoffer/) > [Resist discouragement by speaking His Word over your future. Keep standing. Keep hoping; keep believing because He is working behind the scenes. He's going…](https://sms4smile.com/quotes/joel-osteen/resist-discouragement-by-speaking-his-word-over-your-future-keep/) [Joel Osteen](https://sms4smile.com/quotes/author/joel-osteen/) > [I can't believe that I'm sitting in meetings with Steven Spielberg, Tom Hanks, and Annette Bening. I want to take on that responsibility to…](https://sms4smile.com/quotes/roger-ross-williams/i-can-t-believe-that-i-m-sitting-in-meetings-with-steven-spielberg/) [Roger Ross Williams](https://sms4smile.com/quotes/author/roger-ross-williams/) > [There is no such word as item girl in the dictionary. People have created this word and I don't believe that I am an…](https://sms4smile.com/quotes/shefali-zariwala/there-is-no-such-word-as-item-girl-in-the-dictionary-people-have/) [Shefali Zariwala](https://sms4smile.com/quotes/author/shefali-zariwala/) > [I understand that it's the music that keeps me alive... That's my lifeblood. And to give that up for, like, the TV, the cars,…](https://sms4smile.com/quotes/bruce-springsteen/i-understand-that-it-s-the-music-that-keeps-me-alive-that-s-my/) [Bruce Springsteen](https://sms4smile.com/quotes/author/bruce-springsteen/) > [I don't really like too much credit. I know nobody's going to believe this, but I'd rather be able to score goals and nobody…](https://sms4smile.com/quotes/bradley-wright-phillips/i-don-t-really-like-too-much-credit-i-know-nobody-s-going-to-believe/) [Bradley Wright-Phillips](https://sms4smile.com/quotes/author/bradley-wright-phillips/) > [“What I have a problem with is not so much religion or god, but faith. When you say you believe something in your heart…](https://sms4smile.com/quotes/penn-jillette/what-i-have-a-problem-with-is-not-so-much-religion-or-god-but-faith/) [Penn Jillette](https://sms4smile.com/quotes/author/penn-jillette/) > [Bush reiterated his stand to conservatives opposing his decision on stem cell research. He said today he believes life begins at conception and ends…](https://sms4smile.com/quotes/jay-leno/bush-reiterated-his-stand-to-conservatives-opposing-his-decision-on/) [Jay Leno](https://sms4smile.com/quotes/author/jay-leno/) > [Never underestimate the power of the human mind to believe what it wants to believe, no matter the conflicting evidence.](https://sms4smile.com/quotes/brian-herbert/never-underestimate-the-power-of-the-human-mind-to-believe-what-it/) [Brian Herbert](https://sms4smile.com/quotes/author/brian-herbert/) > [To believe in love, to be ready to give up anything for it, to be willing to risk your life for it, is the…](https://sms4smile.com/quotes/leonardo-dicaprio/to-believe-in-love-to-be-ready-to-give-up-anything-for-it-to-be/) [Leonardo DiCaprio](https://sms4smile.com/quotes/author/leonardo-dicaprio/) > [That's why I don't generally talk about endorsements because I don't believe we have to tell people who to vote for.](https://sms4smile.com/quotes/martin-luther-king-iii/that-s-why-i-don-t-generally-talk-about-endorsements-because-i-don-t/) [Martin Luther King III](https://sms4smile.com/quotes/author/martin-luther-king-iii/) > [Mankind have been slow to believe that order reigns in the universe-that the world is a cosmos and a chaos.](https://sms4smile.com/quotes/james-a-garfield/mankind-have-been-slow-to-believe-that-order-reigns-in-the-universe/) [James A. Garfield](https://sms4smile.com/quotes/author/james-a-garfield/) > [We instantly believe everything we think. Isn't that insane? It's good for us to explore the depravity of our minds, so we know we…](https://sms4smile.com/quotes/krishna-das/we-instantly-believe-everything-we-think-isn-t-that-insane-it-s-good/) [Krishna Das](https://sms4smile.com/quotes/author/krishna-das/) Browse all 47,704 Believe quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them “funny-mentals”. 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