"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway"
About this Quote
The intent is partly comic, partly corrective. Buffett isn’t sneering at public transit; he’s puncturing the mythology of Wall Street as an oracle. If the advisors’ own incentives and track records were as airtight as their pitch books, why aren’t they riding in the back of the same Rolls? The subtext is incentive mismatch: fees get collected whether the client wins or loses, and prestige can substitute for performance when markets are rising and everyone looks like a genius.
Context matters. Coming from Buffett - the folksy billionaire who built a fortune by ignoring fads, minimizing intermediaries, and preaching patience - it’s also a quiet defense of Main Street skepticism. He’s warning against outsourcing judgment to institutions that monetize complexity. The line works because it’s vivid class theater with a moral: finance sells reassurance as much as it sells returns, and the buyer often mistakes polish for proof.
Quote Details
| Topic | Wealth |
|---|---|
| Source | Unverified source: The $4-Billion Regular Guy (Warren Buffett, 1991)
Evidence: “These people all gave advice to companies about how they should run their businesses. You know, Wall Street is the only place people ride to in a Rolls-Royce to get advice from people who take the subway.” (null). This quote appears verbatim in Linda Grant’s Los Angeles Times Magazine profile of... Other candidates (1) Investment Mantras of Warren Buffett (Steve Jacob, 2023) compilation95.9% ... Warren Buffet says, "Wall Street is the only place that people ride to in a Rolls Royce to get advice from those ... |
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Citation Formats
APA Style (7th ed.)
Buffett, Warren. (2026, February 28). Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway. FixQuotes. https://fixquotes.com/quotes/wall-street-is-the-only-place-that-people-ride-to-16664/
Chicago Style
Buffett, Warren. "Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway." FixQuotes. February 28, 2026. https://fixquotes.com/quotes/wall-street-is-the-only-place-that-people-ride-to-16664/.
MLA Style (9th ed.)
"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway." FixQuotes, 28 Feb. 2026, https://fixquotes.com/quotes/wall-street-is-the-only-place-that-people-ride-to-16664/. Accessed 15 Mar. 2026.






