Zitat des Tages von Charles Schwab:
I have probably purchased fifty 'hot tips' in my career, maybe even more. When I put them all together, I know I am a net loser.
You want banks to take some risk, but intelligent risk.
Just because a stock is down doesn't mean it's a great buy.
I have yet to find the man, however exalted his station, who did not do better work and put forth greater effort under a spirit of approval than under a spirit of criticism.
For as little as a thousand dollars, you can open an account at Schwab. I mean, it's not a big barrier to entry.
Sometimes my mistake has been hesitancy about acting on the decisions I've made. When's the best time to invest? It's today, not tomorrow.
I frankly think we in the financial service world believe we need appropriate kinds of regulations. No question about that. But when something like Dodd-Frank has been created, sort of in the mystery of night, it is a huge document. It's vast. It weighs about 10 pounds when I carry it around.
A man can succeed at almost anything for which he has unlimited enthusiasm.
As a young analyst just out of Stanford business school in the 1960s, I got to really understand what growth was about. Back then, you had to ask a customer to pay some money. That was the most important thing in getting a company off the ground.
I remember, my first bicycle was very much a used bike. I wasn't going to Wal-Mart, buying a flashy 10-speed bike from China. Are you kidding me?
You've always got to think about having some fixed income in your portfolio as well as equities.
On the personal side, family is really important to me. I have a big family - five kids and 12 grandkids - so keeping that going is wonderful. And I do a lot of philanthropy. I'm chairman of the San Francisco Museum of Modern Art.
I remember very vividly - I wrote about it in one of my books - my first IRA. I contributed $2,000 every year, and in 21 years, the funds in that IRA account grew to $260,000. Seems like sort of a miracle, but it happened.
There was a guy by the name of Charles Schwab: actually, Charles M. Schwab. I read a lot about him, and I always hoped I was related, but I wasn't. He was a steel magnate. He worked for J.P. Morgan; then he started Bethlehem Steel. But he had no children, unfortunately, and it turned out I wasn't a relative.
I use the word 'passion' a lot when I talk to young people. In every pursuit I've been on, I've had a lot of passion behind it. It continues to motivate me every day on what I like to do and where I'm going.
