Charles Schwab on Shaping the Investment Business

The transcript covers Charles Schwab's journey from the 1970s to the present, highlighting the firm's decision to eliminate commissions for equity and ETF online trading. Schwab discusses the impact of this decision on revenue, the potential for industry consolidation, and the importance of cost management. He also reflects on his entrepreneurial journey, detailed in his book 'Invested', and emphasizes the significance of maintaining independence and focusing on client needs.

What does Schwab attribute its ability to maintain low costs to?

How does Schwab view the importance of technology in their business model?

What was the purpose of Schwab writing the book 'Invested'?