Brake Quote by Phil Angelides
“It sounds to me like selling a car with faulty brakes, and then buying an insurance policy on those cars.”
About This Quote
Source Speech: Interview, 2008
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.
