Invested: Changing Forever the Way Americans Invest Audiobook
Invested: Changing Forever the Way Americans Invest Audiobook
- Fred Sanders
- Random House (Audio)
- 2019-10-08
- 11 h 14 min
Summary:
“To say Charles Schwab can be an entrepreneur is actually an understatement. He really is a innovative.”-Phil Knight, co-founder of Nike, author of Shoe Dog
The founder from the Charles Schwab Corporation recounts his ups and downs as he produced stock investing, after the expensive and clubby reserve of the few, accessible to ordinary Americans.
In this deeply personal memoir, Schwab describes his passion to have Main Street participate in the developing economy as investors and& about Invested: Changing Forever the Way Americans Invest nbsp;owners, not merely earners. Schwab opens up approximately his dyslexia and exactly how he worked about and eventually embraced it, and about the challenges he experienced while beginning his fledgling organization in the 1970s. A yr into his grand experiment in discounted trading, living in a small house in Sausalito with his wife, Helen, and new baby, he carried a six-figure personal debt and a pocketful of unsecured loans. As it proved, customers flocked to Schwab, leaving his small group scrambling with scarce assets and no road map to control the company’s development.
He recounts the company’s game-changing sale to Loan provider of America-and how, in the end, the merger nearly doomed his organization. We find out about the smart and well-timed leveraged buyout he crafted to regain independence; the crushing stock market collapse of 1987, simply weeks following the company had opted general public; the dot-com meltdown of 2000 and its reverberating aftermath of financial stagnation, layoffs, as well as the company’s eventual reinvention; and the way the company’s concentrate on controlling risk protected it and its clients during the financial crisis in 2008, propelling its growth.
A remarkable story of the company succeeding by challenging norms and conventions through decades of change, Invested also offers unique insights and lifelong principles for readers-the values that Schwab has lived and worked by which have produced him perhaps one of the most successful entrepreneurs of our time. Today, his eponymous firm is among the leading financial services companies in the globe.
Advance praise for Invested
“I’ve admired Chuck Schwab for a long time. When you go through this book, you’ll realize why.”-Warren E. Buffett
“This is a fascinating story that explains about the never-ending evolution of the entrepreneurial company, but a lot more about personal learning from that experience. Therefore read, understand how to understand from experience, and enjoy.”-George P. Shultz, previous secretary of Labor, Treasury, and State