Invested

Changing Forever the Way Americans Invest

By: Charles Schwab

Narrated by: Fred Sanders

“To say Charles Schwab is an entrepreneur is actually an understatement. He really is a revolutionary.”—Phil Knight, co-founder of Nike, author of Shoe 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 as investors and owners, not only earners. Schwab opens up about his dyslexia and how he worked around and ultimately embraced it, and about the challenges he faced while starting his fledgling company in the 1970s. 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 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, Invested also 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

Fascinating

Really enjoyed the book.
Well done. lt reflects the true trials and tribulations a disruptive business needs to go through.

Interesting and Beneficial

I thoroughly enjoyed the story and learn a lot. I began this year having never heard of Charles Schwab. I have since opened a Schwab account and now really enjoy investing. I have been so impressed by the company that I decided to listen to this book, and I am glad that I did. It is an excellent story of a man and a company that have made the US and the world a better place. I highly recommend this book.

Charles Schwab Innovator

After listening to Invested, I must say I have a whole new respect for Mr. Schwab. Over his Forty plus years, he has created a juggernaut in the world of finance and trading. A must read, or audible listen for any investor, beginner or not. His perseverance and let’s get the job done attitude is to be admired and commended. A+…

love this guy!

Charles is so real. he believes and influences belief. I have worked for him for 22 years and lived through a lot of what he discusses. I am proud to be part of this journey.

Very interesting

It could have been shorter but in general I liked it! There’s some wisdom in there