Invested
Changing Forever the Way Americans Invest
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Narrated by:
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Fred Sanders
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By:
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Charles Schwab
About this listen
"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)
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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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Jamie Dimon is Wall Street's biggest player. Following the 11h-hour rescue of Bear Stearns by JPMorgan, his profile has reached stratospheric levels. And while the deals and decisions he's made have usually turned out to be the right ones, his journey to the top of the financial world has been anything but easy. Now, in The House of Dimon, business writer Patricia Crisafulli goes behind the scenes to recount the amazing events that have shaped Dimon's career.
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Intriguing
- By Jean on 08-28-16
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King of Capital
- The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone
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The financial establishment---banks and investment bankers, such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, and Morgan Stanley---were the cowboys, recklessly assuming risks, leveraging up to astronomical levels, and driving the economy to the brink of disaster.
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Great Story Ruined by Monotone Reading
- By Marc on 04-23-13
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Mastering the VC Game
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- By: Jeffrey Bussgang
- Narrated by: Ramon De Ocampo
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Story
Finding the right venture capitalist to back your start-up is a challenge. Even if you manage to get backing, you want your VC to be a partner, not some dictator who will undermine your vision and take control of your life's work. Jeffrey Bussgang is one of a very few people who have played on both sides of this high-stakes game. Now he draws on his unique perspective to offer high-level insights, colorful stories, and practical advice. He reveals how to get noticed, perfect a pitch, and negotiate a partnership that works for everyone.
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slow in beginning but gets really good
- By Diana on 04-11-19
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Hedgehogging
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- Narrated by: William Dufris
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Rare is the opportunity to chat with a legendary figure and hear the unvarnished truth about what really goes on behind the scenes. Step inside the world of Wall Street with Barton Biggs as he discusses investing in general, hedge funds in particular, and how he has learned to find and profit from the best moneymaking opportunities in an eat-what-you-kill, cutthroat investment world.
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HedgeHotDogging
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The Bank That Lived a Little
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Based on unparalleled access to those involved, and told with compelling pace and drama, The Bank That Lived a Little is the story of one of the most familiar names on the British high street since Big Bang in 1986. Philip Augar describes in detail three decades of boardroom intrigue driven by ruthless ambition, grandiose dreams and a desire for wealth. It is a tale of a struggle for long-term supremacy between rival strategies and their adherents.
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Global superstar bankers under light-touch gov
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Good for the Money
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Performance
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Story
In 2009, at the peak of the financial crisis, AIG - the American insurance behemoth - was sinking fast. It was the peg upon which the nation hung its ire and resentment during the financial crisis: the pinnacle of Wall Street arrogance and greed. When Bob Benmosche climbed aboard as CEO, it was widely assumed that he would go down with his ship. In mere months, he turned things around, pulling AIG from the brink of financial collapse and restoring its profitability.
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Worthwhile, informative, and just short of inspiring
- By Preston on 11-17-21
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The Motley Fool Million Dollar Portfolio
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Listeners are offered a first-class education in building, growing, and defending an individual portfolio, one investment strategy at a time. From learning to think like an investor to finding a first stock, from international investing to community-based online tools, this audiobook takes the reader through the essential strategies for building any portfolio, no matter how small its start or how big its ambitions.
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Great Introduction to Investing
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Why Wall Street Matters
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William D. Cohan is no knee-jerk advocate for Wall Street and the big banks. He's one of America's most respected financial journalists and the progressive best-selling author of House of Cards. He has long been critical of the bad behavior that plagued much of Wall Street in the years leading up to the 2008 financial crisis, and because he spent 17 years as an investment banker on Wall Street, he is an expert on its inner workings as well.
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An Inch Deep and A Mile Wide
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The Firm
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A behind-the-scenes, revelatory history of McKinsey & Company, America's most influential and controversial business consulting firm, told by one of the nation's leading financial journalists. In The Firm, Duff McDonald uncovers how these high-powered, high-priced business savants have ushered in waves of structural, financial, and technological shifts. With unrivaled access to company documents and current and former employees, McDonald reveals the inner workings of what just might be the most influential private organization in America.
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Warning: Non consultants should avoid
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More Money Than God
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The Paul Volker Senior Fellow in International Economics at the Council on Foreign Relations, Washington Post journalist Sebastian Mallaby has garnered New York Times Editor’s Choice and Notable Book honors for his enthralling nonfiction. Bolstered by Mallaby’s unprecedented access to the industry, More Money Than God tells the inside story of hedge funds, from their origins in the 1960s and 1970s to their role in the financial crisis of 2007–2009.
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Valiant effort but lacking analytic horsepower...
- By ND on 01-10-11
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Fool's Gold
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Gillian Tett brings to life in gripping detail how the Morgan team's bold ideas for a whole new kind of financial alchemy helped to ignite a revolution in banking, and how that revolution escalated wildly out of control. The deeply reported and lively narrative takes readers behind the scenes, to the inner sanctums of elite finance and to the secretive reaches of what came to be known as the "shadow banking" world.
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Outstanding narrative about the financial crisis
- By D. Littman on 07-17-09
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When Genius Failed
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- By: Roger Lowenstein
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Roger Lowenstein, the bestselling author of Buffett, captures Long-Term's roller-coaster ride in gripping detail. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein crafts a story that reads like a first-rate thriller from beginning to end. He explains not just how the fund made and lost its money, but what it was about the personalities of Long-Term's partners, the arrogance of their mathematical certainties, and the late-nineties culture of Wall Street that made it all possible.
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When Genius Failed
- By Sean on 12-17-08
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The Education of a Value Investor
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What happens when a young Wall Street investment banker spends a small fortune to have lunch with Warren Buffett? He becomes a real value investor. In this fascinating inside story, Guy Spier details his career from Harvard MBA to hedge fund manager. But the path was not so straightforward. Spier reveals his transformation from a Gordon Gekko wannabe, driven by greed, to a sophisticated investor who enjoys success without selling his soul to the highest bidder.
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Malk Williams does a superb job.
- By Guy Spier on 11-30-14
By: Guy Spier
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The Index Revolution
- Why Investors Should Join It Now
- By: Charles D. Ellis
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The Index Revolution argues that active investing is a loser's game, and that a passive approach is more profitable in today's market. By adjusting your portfolio asset weights to match a performance index, you consistently earn higher rates of returns and come out on top in the long run. This book explains why, and describes how individual investors can take advantage of indexing to make their portfolio stronger and more profitable.
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A better way to invest
- By BSuave on 06-17-24
By: Charles D. Ellis
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What listeners say about Invested
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Ralph Anderson
- 01-01-21
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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- KB
- 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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- Amazon Customer
- 12-10-20
investment in health
love the book love the book good narration; personal investment in health and the corporate environment;
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1 person found this helpful
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- M. W
- 02-24-24
Fine
It was interesting enough but I wouldn't put it in any of my top listens.
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- Eric Johnson
- 11-14-19
True trendsetter of individual financial freedom!
what an inspiring listen. I leaned so much about how Charles Schwab transformed the way we invest these days. from how the power of the big financial institutions took high risk investments with other people's money, to Charles schwab putting the power back in the individual investors hand. will listen to again!
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- David
- 05-27-20
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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- Salaam63
- 08-17-22
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+…
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2 people found this helpful
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- mmj
- 12-11-19
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.
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- Alessandro Orlandi
- 01-21-20
Very interesting
It could have been shorter but in general I liked it! There’s some wisdom in there
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- Amazon Customer
- 09-25-22
Very Interesting Story
As a Schwab client, very informative story of the firm's beginning and transformation to where it is today.
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