Thursday, 7 July 2016

If You Can't Be a Good Trader Become a Wise Broker Like Chuck!

image: Charles Schwab, looks on prior to the first round of the Pebble Beach National Pro-Am golf tournament at the Monterey Peninsula Country Club course
Charles Schwab, Founder and Chairman of the Charles Schwab Brokerage - Photo: Reuters.

Earlier on, Chris Taylor from Reuters had a friendly interview with Charles Schwab, the founder and Chairman of Schwab discount Brokerage - His full report has been published below:

In the financial world, most leaders are not instantly recognizable by their first names.Then there is "Chuck," as in Charles Schwab.

Schwab, the 78-year-old founder of his eponymous company, Charles Schwab Corp (SCHW.N), basically created a new business category, discount brokerage services for millions of Americans.

Now a billionaire many times over - Forbes put his net worth at $6.4 billion as of June 8 - Schwab has stepped away from his chief executive duties but remains chairman and the largest shareholder at Schwab. For the latest installment in Reuters' Life Lessons series, Schwab sat down to talk about what he has learned from a lifetime of business success.

Q: As you became a success, what strategies did you put in place for handling your own wealth?

A: Coming from a modest economic upbringing, I learned early about how limiting and uninteresting self-satisfaction was as a goal in terms of using wealth - and how important modesty and philanthropy are.

Q: Did you have any money role models who handled their life and business wisely, who you looked up to? [Full Article]

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