Vendor
	Mohrbooks Literary Agency Sebastian Ritscher
Original language
English
Categories
Memoirs

INVESTED

Charles Schwab

Vhanging Forever the Way Americans Invest

In Invested, Charles Schwab, founder of The Charles Schwab Corporation, recounts the obstacles he encountered starting his fledgling company in the 1970s, it's astonishing growth, and the ups and downs it weathered as he made stock investing, once the expensive and clubby reserve of the few, accessible to ordinary Americans.

A deeply personal memoir, Schwab describes his passion to have Main Street participate in the growing economy, as investors and owners, not only earners. Schwab opens up about his dyslexia, how he worked around and ultimately embraced it, and the challenges he faced when, a year 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 pocketsful of personal loans. As it turned out, customers flocked to Schwab, his small team scrambling with scarce resources and no roadmap to manage the company's growth. He recounts Schwab'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, Invested also offers unique insights and lifelong principles Schwab for readers - the values that he has lived and worked by and 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, with over 3 trillion dollars in client assets.

Charles Schwab is the founder, former CEO, and current Chairman, of the Charles Schwab Corporation. One of the giants of the financial services industry, he is one of the most successful entrepreneurs and leaders in American business.

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Book Published 2019-10-08 by Currency
Book Published 2019-10-08 by Currency

Comments

China: Citic Press

Chuck tells a story that very few can tell. It is a story of creativity, passion and bravery trumping the odds. Chuck not only created the discount brokerage industry but grew a company in the face of market cycles and a rapidly changing and consolidating landscape. Chuck led the way in democratizing the market for the individual investor. I am proud to have been a partner with Chuck in the early days. I am especially proud to have him as a friend for the past 50 years.

Chuck Schwab provides an engaging look into the investing world, balanced between his penchant for risk-taking with his grace and humility. He crafts a creative and highly-rewarding tale of not just Charles Schwab, the company, but Charles Schwab, the person. There are life lessons in this book for everyone, from Wall Street to Main Street.

From the beginning, one of Chuck's great insights was that he could only create the business of his dreams by leaning heavily on emerging technologies. He bet big on data and never looked back. It changed investing forever.

We learn best from the stories of others, and you'll be hard pressed to find one so interesting, inspiring and educational as this one! An enriching read from a great and principled man.

By turns practical and personally insightful, Charles Schwab's indefatigable spirit, sound judgement and entrepreneurial experience shine through in Invested. Throughout his childhood and career, Chuck overcame challenges and set a standard of leadership and innovation throughout decades of change in our U.S. economic system.

To say Charles Schwab is an entrepreneur is actually an understatement. He really is a revolutionary. He completely changed investing in the United States and in the process built a great company. But in this deeply personal story it is, as it is so often, the struggles that are the most interesting and, make the ultimate outcome so rewarding.

For years Chuck Schwab was one of my fiercest competitors; now I consider him a friend. His book about building Charles Schwab into a revolutionary investment powerhouse is a must-read for anyone interested in what an audacious, high-integrity entrepreneur is capable of doing if he dreams big.

Sharing his personal story of meeting and overcoming personal and business challenges that enabled the innovations enhancing the financial wellbeing of millions, Chuck Schwab's Invested is full of invaluable insights into, and wise counsel about, building a successful business and successful personal investing. A readily accessible 'real must read' for anyone interested in business and finance.

Invested is a wonderful account of a textbook disruptor. By focusing on affordability and accessibility, what Chuck built in Charles Schwab has been a real blessing to mankind.

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.

Through Chuck's unique perspective, Invested details Schwab's history as they persevered through adversity while providing wisdom and encouragement along the way. I have admired and respected Chuck for many years. We share a passion for golf and how its challenges parallel those encountered in business.

The fact that anyone in America can be an investor both enhances prosperity and reinforces the public's buy-in to the concept of economic freedom. Few have done more to expand access to this form of direct participation in capitalism and free enterprise than my friend Chuck Schwab, and the story of how he did it belongs on the bookshelf of anyone interested in the evolution of investing over the past four decades.

Like myself, Chuck is a dyslexic. He learnt early on that he had his limits and therefore - unlike most non-dyslexics - discovered the power of delegation. He discovered that business is all about people who share your vision and values but bring their own passion and strengths to the tasks. He realized early on that the world is full of people more capable than himself in 'a thousand different ways.' Most leaders and entrepreneurs never learn that simple lesson. It was his dyslexia that helped him create one of the most successful companies in the US. Invested is a must read for anyone interested in working in a business or becoming an entrepreneur. An extraordinary life and book.

I've admired Chuck Schwab for a long time. When you read this book, you'll understand why.

Charles Schwab is a giant who transformed finance and investing for millions of Americans. His memoir is a text book case on entrepreneurship and principled leadership.