Warren Buffett: Wall Street Salesmanship
on Sunday, May 1, 2016Warren Buffett Money Quote saying sales of investment vehicles makes more money for Wall Street than the investments make. Warren Buffett said:
“There’s been far, far, far more money made by people in Wall Street through salesmanship abilities than through investment abilities” — Warren Buffett
Share the Warren Buffett Money quote image above on your site:
Short Link to this Quote:
In this quote, Warren Buffett is pointing out that many people on Wall Street make more money through their ability to sell investments and financial products, rather than through their actual skill at investing money and generating returns.
Buffett seems to be suggesting that the sales and marketing talents of Wall Street professionals often outweigh their investment talents. His point is that selling investments can be very lucrative for some, even if the investments themselves do not generate great returns for the customers. Overall, he appears to be cautioning investors to focus more on the quality of investments rather than just the sales pitches used to market them.