Since his rise in the business world and the coinciding rise in fame, the fabled Warren Buffett, chairman of Berkshire Hathaway, has been hailed as one of the greatest investors of our time. And, as the second richest man in the world with the fourth largest company in the world, it’s no surprise that people travel for miles to see him and listen to his advice.
In fact, Buffett has become known as the “Oracle of Omaha” or, less commonly, the “Sage of Omaha,” nicknames earned through his shrewd investing decisions, his uncanny ability to predict the market and, of course, his home city of Omaha, Nebraska. But where did the nickname first come from?
As it turns out, it’s surprisingly difficult to track down the exact origins of Warren Buffett’s nickname, although most of my research suggests that it was first used by newspapers during in the 1980s, when Berkshire Hathaway’s stock surged upwards and was finally listed formally in the New York Stock Exchange (NYSE).
According to the Omaha World Herald, one of the earliest recorded uses of the nickname was by a writer at Forbes Magazine in 1985, when then-writer Allan Sloan wrote:
“In the other corner we have Berkshire Hathaway Chairman Warren Buffett, legendary demibillionaire, the oracle of Omaha, a man who has prided himself on buying assets cheaply.”
While there’s no concrete evidence that Sloan made up the popular nickname, the writer (now an editor-at-large at Fortune) was quoted saying that he penned the nickname due to his love of alliteration and Buffett’s seeming sixth sense about the stock market.
Interestingly, Buffett has also been called the “Sage of Omaha” after the more common term “investing sage.” Although this moniker is not quite as common, it seems to have mostly been used in the late 90s, before the writing community decided that “Oracle of Omaha” sounded better.
No matter what nickname he has, it’s undeniable that Warren Buffett is a professional and understanding market trends, analyzing companies, and investing in worthwhile companies. His investing approach, though, is not as complicated as it might seem. Read more about it here.