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Publisher's Summary

"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 listeners - 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)

©2019 Charles Schwab (P)2019 Random House Audio

Critic Reviews

"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 story 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." (Condoleezza Rice, former US Secretary of State and Denning Professor in Global Business and the Economy at the Stanford Graduate School of Business)

"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 US economic system." (Jamie Dimon, chairman and CEO, JPMorgan Chase)

"Like myself, Chuck is a dyslexic. He learned early on that he had his limits and therefore - unlike most nondyslexics - 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." (Sir Richard Branson, founder of the Virgin Group)

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What listeners say about Invested

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Seeing through the entrepreneur’s eyes

I absolutely loved listening to this book, and I believe that Chuck’s wonderful story really applies to us all. This book will teach you about history, business and the importance of good people with good values. Also, the way Chuck tells his story is funny, entertaining and inspiring. I couldn’t stop listening to it and I’m sure many others are going to love this book!

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Leaves a lot out to make himself look better

He briefly talks about being friends with Bushes but doesn't mention anything about donating nearly $9 million to a dark money group which opposed Barack Obama in the 2012 election. Or donating the maximum legal individual amount of $101,700 to the Republican National Committee's legal defense fund that partially paid for the legal defense of President Donald Trump in the Special Counsel investigation of possible coordination between the Trump campaign and Russia. If you are writing a book about your life story, you might as well talk about your strong political beliefs as well.

1 person found this helpful

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  • 09-26-21

Amazing story & well worth the listen

Admittedly I approached this with a bit of ho-hum attitude but that quickly changed. The obstacles encountered and overcome I think would have stopped even the most tenacious, creative and savvy. It’s sad how our world has succumbed to so much negativity but encouraging to find that there are still some who embrace integrity and concern for others. Hopefully Schwab’s beliefs and standards will continue with his successors as he steps back to enjoy family, life and of course golf. I’m rooting for that since I’m a Schwab investor.

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A vanilla autobiography

This isn't a bad story, but it's a very straightforward autobiography that's pretty undifferentiated from any other in the genre. It's a narrative entirely in the eye of the beholder, and to whatever extent it represents history, it is a polished history told by the victor.

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Fascinating

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

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  • 12-31-20

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.

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investment in health

love the book love the book good narration; personal investment in health and the corporate environment;

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Inspiring Story on Starting and Building Business

This is an inspiring story of persevering through challenges to start a business, following personal passion to seize business opportunities, and making tough decisions to sustain the business through the “eyes of Charles Schwab”. As a Schwab customer for over 25 years, I have a greater appreciation of what they have done to make investment accessible to the average investor.

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Good book - very well written

Good book but I feel a lot of details were either missed or the author and lawyer wouldn't allow to be in the book -

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Great modest story with integrity

I love biography books this was yet another amazing journey with a great businessman! Many takeaways but the key take away here is to always do what’s best for the customer and in the end you’ll get what you want.Thank you Chuck for taking the time to write your story