Charles Schwab & Co. creator and Chairman of the Board Chuck Schwab goes over the decisions that led him to develop an advanced company design for the brokerage industry. Chuck talks about his choice to start an organization, his difficulties raising capital, and even how he encouraged his partner to mortgage the house to support his upstart business. He and Mark likewise talk about the 1983 sale of the company to Bank of America, how he purchased the company back– and how Chuck framed both decisions to his staff members and the board of directors.
The goal of Financial Decoder is to help listeners make much better monetary choices. And while the decisions Chuck explains remain in the context of his life, a lot of us will make decisions that may be smaller in scale but are of the exact same fundamental type: when to sell, when to alter direction when things aren't working out, when to request for assistance, when to obtain money, and numerous others. And in the context of our own lives, these can be high-stakes choices certainly.
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