--- title: "Meaning & Key Takeaway of: Like most trends, at the beginning it's…" description: "\"Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool..." image: "https://sms4smile.com/quotes/i/a2b/warren-buffett-183_customer_like-most-trends-at-the-beginning-it-s-d_3222587.png" --- # Like most trends, at the beginning it's driven by… ![“Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.” quote by Warren Buffett](https://sms4smile.com/quotes/i/a2b/warren-buffett-183_customer_like-most-trends-at-the-beginning-it-s-d_3222587.png) [Download](https://sms4smile.com/quotes/i/a2b/warren-buffett-183_customer_like-most-trends-at-the-beginning-it-s-d_3222587.png) [Open image](https://sms4smile.com/quotes/i/a2b/warren-buffett-183_customer_like-most-trends-at-the-beginning-it-s-d_3222587.png) > “Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.” [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Early market movements are driven by fundamentals, later speculation dominates; wise act early, fools later. **In simple terms:** Fundamentals first, speculation later; wisdom vs. folly. Key Takeaway Invest based on fundamentals, avoid hype. Themes investment speculation wisdom folly Mood cautious analytical Type advisory philosophical When to use this quote - stock market entry - investment strategy - financial education Key Concepts market cycles behavioral finance risk management Questions to Reflect On - When do you trust fundamentals over hype? - How can you spot speculative bubbles? A Different Perspective Speculation can still yield short‑term gains. ★ ★ ★ ★ ★ No ratings yet [Beginning Fool](https://sms4smile.com/quotes/about/beginning-fool-3703730/) [Customer](https://sms4smile.com/quotes/about/customer/) [Doe](https://sms4smile.com/quotes/about/doe/) [Driven](https://sms4smile.com/quotes/about/driven/) [Ends](https://sms4smile.com/quotes/about/ends/) [Fool](https://sms4smile.com/quotes/about/fool/) [Fundamentals](https://sms4smile.com/quotes/about/fundamentals/) [Men](https://sms4smile.com/quotes/about/men/) [Speculation](https://sms4smile.com/quotes/about/speculation/) [Speculation Takes](https://sms4smile.com/quotes/about/speculation-takes-6064765/) [Trends](https://sms4smile.com/quotes/about/trends/) [Trends Beginning](https://sms4smile.com/quotes/about/trends-beginning-2865445/) [Wise](https://sms4smile.com/quotes/about/wise/) [Wise man](https://sms4smile.com/quotes/about/wise-man/) ## Related quotes > [“I preferred Warren Buffett’s definition: “It’s like most trends—at the beginning it’s driven by fundamentals; in the end, by speculation. 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