Invested: Changing Forever the Way Americans Invest

Charles Schwab

742 ratings by Goodreads

Language: English

Published by Random House USA Inc, 2019

1984822543 / 9781984822543

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"To say Charles Schwab is an entrepreneur is actually an understatement. He really is a revolutionary."-Phil Knight, co-founder of Nike, author ofShoe Dog The founder of The Charles Schwab Corporation recounts his ups and downs as he made stock investing, once 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 growing economy asinvestorsandowners,not only earners.Schwab opens up about his dyslexia and how he worked around and ultimately embraced it, and about the challenges he facedwhile starting his fledgling company in the 1970s. Ayear into his grand experiment in discounted stock trading, living in a small apartment in Sausalito with his wife, Helen, and new baby, he carried a six-figure debt and a pocketful of personal loans. As it turned out, customers flocked to Schwab, leaving his small team scrambling with scarce resources and no road map to manage the company's growth. He recounts the company's game-changing sale to Bank of America-and how, in the end, the merger almost doomed his organization.We learn about the clever and timely leveraged buyout he crafted to regain independence; the crushing stock market collapse of 1987, just weeks after the company had gone public;the dot-com meltdown of 2000 and its reverberating aftermath of economic stagnation, layoffs, and the company's eventual reinvention; and how the company's focus on managing risk protected it and its clients during the financial crisis in 2008, propelling its growth. A remarkable story of a company succeeding by challenging norms and conventions through decades of change,Investedalso offers unique insights and lifelong principles for readers-the values that Schwab has lived and worked by that have made him one of the most successful entrepreneurs of our time.Today, his eponymous company is one of the leading financial services firms in the world. Advance praise for Invested "I've admired Chuck Schwab for a long time. When you read this book, you'll understand why."-Warren E. Buffett "This is a fascinating story that teaches you about the never-ending evolution of an entrepreneurial company, but even more about personal learning from that experience. So read, learn how to learn from experience, and enjoy."-George P. Shultz, former secretary of Labor, Treasury, and State.…

Seller Inventory # 00102863474

Title
Invested: Changing Forever the Way Americans Invest
Author
Charles Schwab
Publisher
Random House USA Inc
Publication year
2019
Condition
Very Good
Binding
Hardback
Language
English
ISBN 10
1984822543
ISBN 13
9781984822543

World of Books (was SecondSale)

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Founded in 2002, World of Books is a leading online destination for buying and selling both preloved and new books, committed to making sustainable reading accessible to all. With a mission to help people read more and waste less, World of Books offers a huge range of affordable, high-quality books — giving both new and preloved titles a second life. The company also operates World of Books – Sell Your Books, an easy-to-use platform that allows customers to trade in unwanted books for cash, helping to keep books in circulation while promoting sustainability. As a Certified B Corp, World of Books is driven by a vision to become the world’s largest and most sustainable dedicated online bookstore. The company measures its success through the positive environmental impact it creates, the value it provides to customers, and its ability to operate profitably while supporting its sustainable mission …

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