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Everyone wants perfect peace of mind that's free from ignorance, greed, hatred and other afflictive states. Buddha has always been a great symbol of peace. So, what could be a better gift or a better option to bring home than the idol of Buddha The laughing Buddha is regarded as a representation of peace, wealth, happiness, and wellbeing. Laughing Buddha sculptures are regarded as propitious and are usually stored in houses, workplaces, hotels, and eateries, for good luck and positive energy.Have you been wondering why the Laughing Buddha - also known as Happy Buddha, Prosperity Buddha. The Laughing Buddha is depicted in a number of ways including with his arms up above his head reaching towards the sky, holding a sack over his shoulder or simply sitting with his stomach out, waiting for a good old rub. The Laughing Buddha represents happiness, good luck and plenitude.