Quote

There are only two things as complicated as insurance accounting and I have no idea what they are.

Andrew Tobias

Change background

T
T
T

Change font

TAGS & TOPICS

Andrew Tobias
Age: 77
Born: 1947
Born: April 20
Journalist
Writer
Ideas
Things
Accounting
Insurance
Complicated
Idea
Two

More quotes by Andrew Tobias

Image
The life insurance industry is filled with good people who believe in their work and their companies, but who may never have challenged the assumptions underlying their efforts.
Andrew Tobias
Image
There's no such thing as altruism.
Andrew Tobias
Image
One of the advantages of the book's having been out there for more than a quarter century is that there's been time for people to report back on what it's done for them.
Andrew Tobias
Image
You want 21 percent risk free? Pay off your credit cards.
Andrew Tobias
Image
Summers are the best. And I figured summer was my best time for meeting someone, too, because in the summer people are looking for someone to snuggle up with for the winter. And because in the summer I could take off my shirt.
Andrew Tobias
Image
It's very nice to be able to be who you are.
Andrew Tobias
Image
Man's natural life span, 75 to 90 years or so, has not increased. It is the number of us who manage to attain it that has increased.
Andrew Tobias
Image
The best thing I have are 5 percent bonds from 1780, denominated from $1 to $20. As far as I can tell, they are obligations from the United States of America, so I should be able to walk down to the Federal Reserve and redeem the uncanceled ones. With 217 years of accrued interest, for a $20 bond, that's about $800,000.
Andrew Tobias
Image
There were no jobs created in America from 1945, when the war ended, through 2003. How could there be? Taxes were too high. Preposterously so under Eisenhower, Kennedy, Nixon, Reagan (who left office with a 28 percent rate on long-term capital gains) and Bush the Elder.
Andrew Tobias
Image
But successful investors tend to be not too self-destructive. They tend to be patient, they tend not to follow the crowd, and they tend not to be too guilty about winning.
Andrew Tobias
Image
No wonder lawyers, who control the legal system, have fought so hard, and with great success, against no fault insurance. No fault, no lawsuits. No lawsuits, no lunch.
Andrew Tobias
Image
Nobody wants campaign finance reform more than me. It would save me a fortune.
Andrew Tobias
Image
The industry cannot long offer unneeded or overpriced insurance if people will not buy it.
Andrew Tobias
Image
Life insurance is a commodity.
Andrew Tobias
Image
Hay fever suffers tend to be above average in intelligence.
Andrew Tobias
Image
The first American insurance company was the Friendly Society for the Mutual Insurance of Houses Against Fire, founded in Charles Town in South Carolina, in 1735.
Andrew Tobias
Image
The life insurance policies advertised on the radio with the line You cannot be turned down for this coverage! are actually saying, For policies this small, it would cost us more to decide whom to turn down than simply to accept everybody - and make them pay through the nose.
Andrew Tobias
Image
There's no question young drivers have far more accidents than older ones - but is it our aim to keep them off the roads? Or to allow only rich young people (who can afford the premiums) to drive?
Andrew Tobias
Image
Still, most people don't have much money. So finding ways to come out a couple of thousand dollars ahead every year still matters.
Andrew Tobias
Image
Rule of thumb: The more trimmings an insurance plan has and the harder someone is pitching it, the faster you should run.
Andrew Tobias