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It sounds to me like selling a car with faulty brakes, and…

“It sounds to me like selling a car with faulty brakes, and then buying an insurance policy on those cars.” quote by Phil Angelides
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“It sounds to me like selling a car with faulty brakes, and then buying an insurance policy on those cars.”

Phil Angelides

About This Quote

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

Comparing a risky venture to a protective measure, highlighting irony and potential fraud.

In simple terms: Selling a risky thing and then insuring it.

Key Takeaway

Beware of self‑defeating solutions.

Themes

risk irony fraud policy business

Mood

cautious critical

Type

analytical warning

When to use this quote

  • investment decisions
  • product safety
  • financial planning
  • consumer protection

Key Concepts

insurance moral hazard conflict of interest

Questions to Reflect On

  • What hidden risks does your solution address?
  • How can you fix the root problem instead?
A Different Perspective

May ignore underlying safety issues.

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