Charles Schwab & Co. creator and Chairman of the Board Chuck Schwab goes over the choices that led him to produce a revolutionary company design for the brokerage market. Chuck talks about his decision to start a service, his difficulties raising capital, and even how he persuaded his better half to mortgage the house to support his upstart company. He and Mark also talk about the 1983 sale of the company to Bank of America, how he purchased the business back– and how Chuck framed both choices to his staff members and the board of directors.
The objective of Financial Decoder is to help listeners make much better financial decisions. And while the choices Chuck explains are in the context of his life, much of us will make decisions that might be smaller in scale however are of the very same standard type: when to sell, when to alter instructions when things aren't working out, when to request help, when to obtain money, and numerous others. And in the context of our own lives, these can be high-stakes choices indeed.
You can find out more about Chuck's new memoir, Invested, and the company he developed at.
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Crucial Disclosures:.
The details offered here is for basic educational functions just and should not be thought about an individualized suggestion or individualized financial investment recommendations. The investment strategies pointed out here might not appropriate for everybody. Each financier requires to examine an investment strategy for his/her own specific scenario before making any investment decision.
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Past efficiency is no warranty of future outcomes and the opinions presented can not be considered as an indicator of future efficiency.
Examples are hypothetical and attended to illustrative purposes only. They are not intended to represent a specific investment product.
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