Warren Buffett Once Said He Could Hire 10,000 People to Paint His Face—And It Might Be the Most Brutal Economic Truth You'll Hear All Day

Warren Buffett doesn't flaunt it. He's not the type to show off his billions with a private island or 24-karat shoelaces. He still lives in the Omaha house he bought for $31,500 in 1958. Orders the same McDonald's breakfast. Plays bridge online. And yet—every once in a while—the Oracle of Omaha drops a flex so enormous it makes you question the entire economy.

"If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life."

That's the version most people know, reported by Harper's Magazine in 2010. Classic Buffett: deadpan, a little absurd, and sneakily insightful. But in The Atlantic a year earlier, they printed an expanded version of the same quote — one with more teeth.

Don't Miss:

• ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum.
• Are you rich? Here’s what Americans think you need to be considered wealthy.

Buffett explained he doesn't feel guilty about having money. What he feels is awareness. His wealth is, as he put it, "an enormous number of claim checks on society"—pieces of paper he could trade in for anything. Including 10,000 personal portrait artists. That spending would technically boost GNP. It would create jobs. It would register as growth. But the value? Zero.

Worse, it would pull those 10,000 people away from doing something useful—like teaching, nursing, or, say, researching a cure for cancer.

Back then, it sounded like a clever thought experiment. Now? It hits a little differently.

Today, entire industries revolve around work that's arguably just as decorative. Consultants hired to advise other consultants. Influencers selling productivity hacks they copied from other influencers. AI bots creating content for other AI bots to "engage" with. There's more movement than ever—but are we actually getting anywhere?

Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here’s how you can earn passive income with just $100.

Buffett's portrait-painting analogy is a gut check: not everything that counts as economic activity creates real value.

Sure, those 10,000 painters would earn a paycheck. The GNP would get a bump. But in the end, we'd just be left with a warehouse full of Buffett portraits and a very weird museum exhibit. Nothing society needs—just money moving in a circle.

And this isn't about judging jobs. It's about questioning incentives. Buffett was pointing out how easy it is to mistake busywork for progress when the system is built to reward volume over substance.

"Inactivity strikes us as intelligent behavior," he once wrote, in the 1997 Berkshire Hathaway annual shareholder letter. 

See Also: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. See which asset class has outpaced the S&P 500 (1995-2024) – and with near-zero correlation.

Buffett made billions sitting in a quiet room reading annual reports, while the rest of the world sprinted in circles. Inactivity, in his case, wasn't laziness—it was discipline. Focus. A refusal to chase the noise. And it worked.

He could've had anything. Instead, he chose to think.

That's the paradox that still echoes today: The man with enough wealth to do everything chose to do less—because he understood what real value looks like. Not just in dollars, but in impact.

Read Next:

• Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you.
• Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – with $1,000 you can invest at just $0.26/share!