A Quote by Phil Angelides
It sounds to me like selling a car with faulty brakes, and then buying an insurance policy on those cars.
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I think that the thing you have to do is, people have to start being held accountable for their decisions. If somebody's not buying insurance, then they're going to have to be selling their car, or whatever it is to try to help cover that.
When the War ended in 1945, I started selling vacuum cleaners door to door. Then I sold insurance door to door. I even tried selling cars.
Old cars have things to say. With an old car, you have to be extra observant about everything. You have to listen and pay attention - to how the engine sounds, where the oil levels are at, if it's running hot, all of that. You've gotta be tuned in, and I like that. New cars, to me they just feel like plain sheets of metal.
There are not a ton of people buying cars - cars are expensive. So people usually go for the cheapest car they can get. And if the price of gasoline falls again, it makes the savings that you get with an electric car harder to realize.
Imagine driving a car that isn't working well. When you step on the gas the car sometimes lurches forward and sometimes doesn't respond. When you blow the horn it sounds blaring. The brakes sometimes slow the car, but not always. The blinkers work occasionally, the steering is erratic, and the speedometer is inaccurate.
You are engaged in a constant struggle to keep the car on the road, and it is difficult to concentrate on anything else.
Insurance is meant for extraordinary circumstances. You don't use car insurance to pay for oil changes or gasoline; you have it as protection in case you have a terrible accident or your car is stolen. You don't use homeowners' insurance to pay your electricity and water bills; you have it as protection in case a fire or other catastrophic event produces a large expense. Obviously, any insurance policy that promises to cover every small, ordinary expense is going to be much more expensive than one that covers only extraordinary expenses.
The wisest rule in investment is: when others are selling, buy. When others are buying, sell. Usually, of course, we do the opposite. When everyone else is buying, we assume they know something we don't, so we buy. Then people start selling, panic sets in, and we sell too.
When I'm buying car insurance I ask myself, 'Which company has the most annoying and relentless commercials?'
Back in the old days, guys used to wreck hotel rooms and trash rental cars and all that dumb stuff. When I came into wrestling, they were like, 'We're out of cars. You're one of those wrestlers. No, we're not renting a car to you.' It was like that. We had to re-create, re-establish the trust.
I don't like to change things too much. I think pretty hard about things before I jump in, and once I do, I feel, 'All right, I don't want to waste the energy of buying, selling this, going on Consumer Reports, test driving, buying, selling a house.' I feel life is to be lived.
[...] and as I walked, I tried to see the funny side. It wasn't easy, and I'm still not sure that I managed it properly, but it's just something I like to do when things aren't going well. Because what does it mean, to say that things aren't going well? Compared to what? You can say: compared to how things were going a couple of hours ago, or a couple of years ago. But that's not the point. If two cars are speeding towards a brick wall with no brakes, and one car hits the wall moments before the other, you can't spend those moments saying that the second car is much better off than the first.
Obviously, Detroiters pay the worst when it comes to car insurance, but car insurance is expensive for Michiganders across the state. I hear about it in all communities.
Yeah, well I think anyone who likes fast cars will love the Tesla. And it has fantastic handling by the way. I mean this car will crush a Porsche on the track, just crush it. So if you like fast cars, you'll love this car. And then oh, by the way, it happens to be electric and it's twice the efficiency of a Prius.
A car crossed two lanes of traffic, flipped, and landed on my dad's car. I don't blame cars. My dad loved cars. I don't have many memories of my dad. The love of cars is all I have of him, really.
Getting angry can sometimes be like leaping into a wonderfully responsive sports car, gunning the motor, taking off at high speed and then discovering the brakes are out of order.
As the wonderful agony begins for 1964-65, I sometimes wonder why I do it. I've got an insurance business going on the side, and it is starting to grow nicely. Selling insurance fulfills me, in a way, like basketball. But basketball keeps calling me back. I suppose I'll play until I can't keep up with the kids any longer.
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