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Self-made financier Charles Schwab discusses his start in traditional investing, working as a financial analyst for a small firm. He thought that finding great companies that had the technological answers for the future was the key to creating rate. But soon, he saw the brokerage system, based on fees and commissions, made investment inaccessible to the average person. So when the system became deregulated, he jumped at the chance to build his own business, where his employees earned a salary, and a bonus based on good service. But the company’s exponential growth came with its own set of struggles.
By Graham Bensinger4.8
242242 ratings
Self-made financier Charles Schwab discusses his start in traditional investing, working as a financial analyst for a small firm. He thought that finding great companies that had the technological answers for the future was the key to creating rate. But soon, he saw the brokerage system, based on fees and commissions, made investment inaccessible to the average person. So when the system became deregulated, he jumped at the chance to build his own business, where his employees earned a salary, and a bonus based on good service. But the company’s exponential growth came with its own set of struggles.

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