" Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway. "

Here the author is not trying to demote the people taking the subway on financial aspects or not the right fit for seeking advice to become wealthy.

The sense of the quote is that you need to be critical and particular when it comes to managing money or who is going to manage it for you. Because it doesn't matter how much you earn but the way you handle it says a lot about you and your skills which will help you in long run. For instance, if you're sick and your health condition is serious, would you go to a local doctor? No right! It is advisable to go to a specialist as they are the experts in their field.

Similarly, on Wall Street, you will see people graduating from universities giving other people advice to become wealthy while their own pockets are empty.    


More Quotes from Warren Buffett

A very rich person should leave his kids enough to do anything, but not enough to do nothing.

- Warren Buffett

No matter how great the talent or efforts, some things just take time.

- Warren Buffett

In the business world, the rear-view mirror is always clearer than the windshield.

- Warren Buffett

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