--- title: "Meaning & Key Takeaway of: I always believe that prices move first…" description: "\"I always believe that prices move first and fundamentals come second\" — Paul Tudor Jones" image: "https://sms4smile.com/quotes/i/658/paul-tudor-jones-15115_always-believe_i-always-believe-that-prices-move-first_3017752.jpg" --- # I always believe that prices move first and fundamentals… ![“I always believe that prices move first and fundamentals come second” quote by Paul Tudor Jones](https://sms4smile.com/quotes/i/658/paul-tudor-jones-15115_always-believe_i-always-believe-that-prices-move-first_3017752.jpg) [Download](https://sms4smile.com/quotes/i/658/paul-tudor-jones-15115_always-believe_i-always-believe-that-prices-move-first_3017752.jpg) [Open image](https://sms4smile.com/quotes/i/658/paul-tudor-jones-15115_always-believe_i-always-believe-that-prices-move-first_3017752.jpg) > “I always believe that prices move first and fundamentals come second” [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Market prices react before underlying fundamentals, leading price movements. **In simple terms:** Prices move before fundamentals. Key Takeaway Monitor price trends as early signals. Themes finance market dynamics prediction Mood analytical cautious Type financial strategic When to use this quote - trading - portfolio management - economic forecasting Key Concepts economics technical analysis investment strategy Questions to Reflect On - How do you confirm price signals with fundamentals? - When might fundamentals precede price? A Different Perspective Relying solely on price can be misleading. ★ ★ ★ ★ ★ No ratings yet [Always believe](https://sms4smile.com/quotes/about/always-believe/) [Believe](https://sms4smile.com/quotes/about/believe/) [Believe Prices](https://sms4smile.com/quotes/about/believe-prices-4869593/) [Come Second](https://sms4smile.com/quotes/about/come-second-577775/) [Firsts](https://sms4smile.com/quotes/about/firsts/) [Fundamentals](https://sms4smile.com/quotes/about/fundamentals/) [Fundamentals Come](https://sms4smile.com/quotes/about/fundamentals-come-4869592/) [Moving](https://sms4smile.com/quotes/about/moving/) [Prices Fundamentals](https://sms4smile.com/quotes/about/prices-fundamentals-4869591/) ## Related quotes > [Work will always come second to my kids.](https://sms4smile.com/quotes/kirk-herbstreit/work-will-always-come-second-to-my-kids/) [Kirk Herbstreit](https://sms4smile.com/quotes/author/kirk-herbstreit/) > [Trevino is in a league by himself. We don't even count him. We figure when you come in second, you're a winner.](https://sms4smile.com/quotes/chi-chi-rodriguez/trevino-is-in-a-league-by-himself-we-don-t-even-count-him-we-figure/) [Chi Chi Rodriguez](https://sms4smile.com/quotes/author/chi-chi-rodriguez/) > [You either commit yourself as a professional racing driver that's designed to win races or you come second or you come third or fifth…](https://sms4smile.com/quotes/ayrton-senna/you-either-commit-yourself-as-a-professional-racing-driver-that-s/) [Ayrton Senna](https://sms4smile.com/quotes/author/ayrton-senna/) > [To me, God comes first, my family come second. If I fail at those two, I'm just playing games.](https://sms4smile.com/quotes/kirk-cameron/to-me-god-comes-first-my-family-come-second-if-i-fail-at-those-two-i/) [Kirk Cameron](https://sms4smile.com/quotes/author/kirk-cameron/) > [The missiles come first, and the justifications come second.](https://sms4smile.com/quotes/e-p-thompson/the-missiles-come-first-and-the-justifications-come-second/) [E. P. Thompson](https://sms4smile.com/quotes/author/e-p-thompson/) > [When you come in as the second overall pick, the last thing you want is for guys to think you believe you've made it.…](https://sms4smile.com/quotes/carson-wentz/when-you-come-in-as-the-second-overall-pick-the-last-thing-you-want/) [Carson Wentz](https://sms4smile.com/quotes/author/carson-wentz/) > [Ladies know your worth, dont ever come second in his life when you can be first in someone else's.](https://sms4smile.com/quotes/anonymous/ladies-know-your-worth-dont-ever-come-second-in-his-life-when-you-can/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“It really sucks to come in second in your own life. It sucks even more to think that this is okay.”](https://sms4smile.com/quotes/robin-korth/it-really-sucks-to-come-in-second-in-your-own-life-it-sucks-even-more/) [Robin Korth](https://sms4smile.com/quotes/author/robin-korth/) > [“Putting your pride first makes the results come in second, at best.”](https://sms4smile.com/quotes/ziad-k-abdelnour/putting-your-pride-first-makes-the-results-come-in-second-at-best/) [Ziad K. Abdelnour](https://sms4smile.com/quotes/author/ziad-k-abdelnour/) > [I came second in a 1,500-metre running race at school. I knew I couldn't have come first, so second was my version of first.](https://sms4smile.com/quotes/chet-faker/i-came-second-in-a-1-500-metre-running-race-at-school-i-knew-i-couldn/) [Chet Faker](https://sms4smile.com/quotes/author/chet-faker/) > [Reasons come first. Answers come second](https://sms4smile.com/quotes/jim-rohn/reasons-come-first-answers-come-second/) [Jim Rohn](https://sms4smile.com/quotes/author/jim-rohn/) > [It's that wonderful old-fashioned idea that others come first and you come second. This was the whole ethic by which I was brought up.…](https://sms4smile.com/quotes/audrey-hepburn/it-s-that-wonderful-old-fashioned-idea-that-others-come-first-and-you/) [Audrey Hepburn](https://sms4smile.com/quotes/author/audrey-hepburn/) > [You'll never come second by putting God first.](https://sms4smile.com/quotes/brian-houston/you-ll-never-come-second-by-putting-god-first/) [Brian Houston](https://sms4smile.com/quotes/author/brian-houston/) > [You should have high expectations for yourself and others should come second.](https://sms4smile.com/quotes/florence-welch/you-should-have-high-expectations-for-yourself-and-others-should-come/) [Florence Welch](https://sms4smile.com/quotes/author/florence-welch/) > [When you do some things in baseball in the city where you grow up and then you come back on a second opportunity, it's…](https://sms4smile.com/quotes/pablo-sandoval/when-you-do-some-things-in-baseball-in-the-city-where-you-grow-up-and/) [Pablo Sandoval](https://sms4smile.com/quotes/author/pablo-sandoval/) ## More by Paul Tudor Jones > [You can not have significance in this life if it is all about you. You get your significance, you find your joy in life…](https://sms4smile.com/quotes/paul-tudor-jones/you-can-not-have-significance-in-this-life-if-it-is-all-about-you-you/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [My off-the-cuff remarks at the University of Virginia were with regard to global macro traders, who are on-call 24/7 and of whom there are…](https://sms4smile.com/quotes/paul-tudor-jones/my-off-the-cuff-remarks-at-the-university-of-virginia-were-with/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [Don't be a hero. Don't have an ego.](https://sms4smile.com/quotes/paul-tudor-jones/don-t-be-a-hero-don-t-have-an-ego/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [It is not that we had any unfair knowledge that other people didn't have, it is just that we did our homework. People just…](https://sms4smile.com/quotes/paul-tudor-jones/it-is-not-that-we-had-any-unfair-knowledge-that-other-people-didn-t/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [The concept of paying one-hundred-and-something times earnings for any company for me is just anathema. Having said that, at the end of the day,…](https://sms4smile.com/quotes/paul-tudor-jones/the-concept-of-paying-one-hundred-and-something-times-earnings-for/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and…](https://sms4smile.com/quotes/paul-tudor-jones/i-believe-the-very-best-money-is-made-at-the-market-turns-everyone/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [Intellectual capital will always trump financial capital.](https://sms4smile.com/quotes/paul-tudor-jones/intellectual-capital-will-always-trump-financial-capital/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [Much of my adult life has been spent fighting for equal opportunity, and the idea that I would support limiting opportunity for any segment…](https://sms4smile.com/quotes/paul-tudor-jones/much-of-my-adult-life-has-been-spent-fighting-for-equal-opportunity/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [Sometimes failure is merely chasing you off the wrong road and onto the right one.](https://sms4smile.com/quotes/paul-tudor-jones/sometimes-failure-is-merely-chasing-you-off-the-wrong-road-and-onto/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [And then at the end of the day, the most important thing is how good are you at risk control. Ninety-percent of any great…](https://sms4smile.com/quotes/paul-tudor-jones/and-then-at-the-end-of-the-day-the-most-important-thing-is-how-good/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [That cotton trade was almost the deal breaker for me. It was at that point that I said, “Mr. Stupid, why risk everything on…](https://sms4smile.com/quotes/paul-tudor-jones/that-cotton-trade-was-almost-the-deal-breaker-for-me-it-was-at-that/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [Macro-trading requires a high degree of skill, focus and repetition. Life events, such as birth, divorce, death of a loved one and other emotional…](https://sms4smile.com/quotes/paul-tudor-jones/macro-trading-requires-a-high-degree-of-skill-focus-and-repetition/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [There's such an emphasis on making money that we've really taken the humanity out of business.](https://sms4smile.com/quotes/paul-tudor-jones/there-s-such-an-emphasis-on-making-money-that-we-ve-really-taken-the/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [If trading is like chess, then macro is like three-dimensional chess.](https://sms4smile.com/quotes/paul-tudor-jones/if-trading-is-like-chess-then-macro-is-like-three-dimensional-chess/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [The whole world is simply nothing more than a flow chart for capital.](https://sms4smile.com/quotes/paul-tudor-jones/the-whole-world-is-simply-nothing-more-than-a-flow-chart-for-capital/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) [Explore all 44 Paul Tudor Jones quotes ](https://sms4smile.com/quotes/author/paul-tudor-jones/) ## More Always believe quotes > [I always believed that photography was subjective, interpretive and certainly did not represent the truth, but I did think that its status as a…](https://sms4smile.com/quotes/fred-ritchin/i-always-believed-that-photography-was-subjective-interpretive-and/) [Fred Ritchin](https://sms4smile.com/quotes/author/fred-ritchin/) > [I've always believed that humans are good at heart. But there's always the exception.](https://sms4smile.com/quotes/amy-carlson/i-ve-always-believed-that-humans-are-good-at-heart-but-there-s-always/) [Amy Carlson](https://sms4smile.com/quotes/author/amy-carlson/) > [I've always believed that service to others is rent we pay for our time on this planet.](https://sms4smile.com/quotes/tony-curtis/i-ve-always-believed-that-service-to-others-is-rent-we-pay-for-our/) [Tony Curtis](https://sms4smile.com/quotes/author/tony-curtis/) > [I've always believed that the desire must come from within, not as a result of being driven by coaches or parents.](https://sms4smile.com/quotes/dawn-fraser/i-ve-always-believed-that-the-desire-must-come-from-within-not-as-a/) [Dawn Fraser](https://sms4smile.com/quotes/author/dawn-fraser/) > [I always believe in doing new things and using new materials that I have never used or that I didn't like for a long…](https://sms4smile.com/quotes/miuccia-prada/i-always-believe-in-doing-new-things-and-using-new-materials-that-i/) [Miuccia Prada](https://sms4smile.com/quotes/author/miuccia-prada/) > [The messaging campaign that stigmatized the term feminist definitely worked on me when I was a teenager. I always believed in equality, but there's…](https://sms4smile.com/quotes/lindy-west/the-messaging-campaign-that-stigmatized-the-term-feminist-definitely/) [Lindy West](https://sms4smile.com/quotes/author/lindy-west/) > [I have always believed that anybody with a little guts and the desire to apply himself can make it, can make anything he wants…](https://sms4smile.com/quotes/bill-shoemaker/i-have-always-believed-that-anybody-with-a-little-guts-and-the-desire/) [Bill Shoemaker](https://sms4smile.com/quotes/author/bill-shoemaker/) > [So like any football or basketball coach, you always always believe you're going to win.](https://sms4smile.com/quotes/colin-powell/so-like-any-football-or-basketball-coach-you-always-always-believe/) [Colin Powell](https://sms4smile.com/quotes/author/colin-powell/) > [I've always believed that a good twist is one that, when it is presented to the audience, half of them say, 'I saw that…](https://sms4smile.com/quotes/damon-lindelof/i-ve-always-believed-that-a-good-twist-is-one-that-when-it-is/) [Damon Lindelof](https://sms4smile.com/quotes/author/damon-lindelof/) > [We hate guys who date more than one woman at a time. I've always believed that what's unacceptable in one sex should, by definition,…](https://sms4smile.com/quotes/candace-bushnell/we-hate-guys-who-date-more-than-one-woman-at-a-time-i-ve-always/) [Candace Bushnell](https://sms4smile.com/quotes/author/candace-bushnell/) > [Just always believe in yourself. "Champions adjust." It's a line I learned from Billie Jean King, and sometimes your dream adjusts. Be willing to…](https://sms4smile.com/quotes/venus-williams/just-always-believe-in-yourself-champions-adjust-it-s-a-line-i/) [Venus Williams](https://sms4smile.com/quotes/author/venus-williams/) > [The hardest thing to get is true emotion. I always believe you need to earn that with the audience. You can't just tell them…](https://sms4smile.com/quotes/john-lasseter/the-hardest-thing-to-get-is-true-emotion-i-always-believe-you-need-to/) [John Lasseter](https://sms4smile.com/quotes/author/john-lasseter/) > [I have always believed that the ultimate purpose of economic policies and development policy is to meet the basic needs of our people. And…](https://sms4smile.com/quotes/manmohan-singh/i-have-always-believed-that-the-ultimate-purpose-of-economic-policies/) [Manmohan Singh](https://sms4smile.com/quotes/author/manmohan-singh/) > [Whatever distrust we may have of the sincerity of those who converse with us, we always believe they will tell us more truth than…](https://sms4smile.com/quotes/francois-de-la-rochefoucauld/whatever-distrust-we-may-have-of-the-sincerity-of-those-who-converse/) [Francois de La Rochefoucauld](https://sms4smile.com/quotes/author/francois-de-la-rochefoucauld/) > [One of my quests from the beginning has been to inform people, educate people, sort of train people, if you will, to spot liberalism.…](https://sms4smile.com/quotes/rush-limbaugh/one-of-my-quests-from-the-beginning-has-been-to-inform-people-educate/) [Rush Limbaugh](https://sms4smile.com/quotes/author/rush-limbaugh/) [Browse all 397 Always believe quotes ](https://sms4smile.com/quotes/about/always-believe/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I always believe that prices move first and fundamentals come second", "creator": { "@type": "Person", "name": "Paul Tudor Jones" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/paul-tudor-jones/i-always-believe-that-prices-move-first-and-fundamentals-come-second/", "about": { "@type": "Thing", "name": "Always believe" }, "@id": "https://sms4smile.com/quotes/paul-tudor-jones/i-always-believe-that-prices-move-first-and-fundamentals-come-second/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/658/paul-tudor-jones-15115_always-believe_i-always-believe-that-prices-move-first_3017752.jpg", "contentUrl": "https://sms4smile.com/quotes/i/658/paul-tudor-jones-15115_always-believe_i-always-believe-that-prices-move-first_3017752.jpg", "url": "https://sms4smile.com/quotes/i/658/paul-tudor-jones-15115_always-believe_i-always-believe-that-prices-move-first_3017752.jpg", "width": 1080, "height": 1080, "caption": "“I always believe that prices move first and fundamentals come second” — Paul Tudor Jones", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Paul Tudor Jones", "item": "https://sms4smile.com/quotes/author/paul-tudor-jones/" }, { "@type": "ListItem", "position": 4, "name": "I always believe that prices move...", "item": "https://sms4smile.com/quotes/paul-tudor-jones/i-always-believe-that-prices-move-first-and-fundamentals-come-second/" } ], "@id": "https://sms4smile.com/quotes/paul-tudor-jones/i-always-believe-that-prices-move-first-and-fundamentals-come-second/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```