"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 | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Buffett, Warren. (2026, January 15). 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. January 15, 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, 15 Jan. 2026, https://fixquotes.com/quotes/wall-street-is-the-only-place-that-people-ride-to-16664/. Accessed 21 Feb. 2026.






