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I'll tell you why I like the cigarette business. It cost a…

“I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.” quote by Warren Buffett
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“I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.”

Warren Buffett

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Low‑cost production and high profit margins rely on addictive demand and strong brand loyalty, but ethical concerns arise.

In simple terms: Cheap production, high profit, addictive demand.

Key Takeaway

Consider ethics of profit from addiction.

Themes

business ethics marketing

Mood

critical analytical

Type

business philosophical

When to use this quote

  • product launch
  • pricing strategy
  • brand building

Key Concepts

Profit margins consumer behavior

Questions to Reflect On

  • Is profit worth ethical compromise?
  • How to balance profit and responsibility?
A Different Perspective

Exploiting addiction can damage reputation.

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