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Funny stock market videos - advice, discussion, tease…
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How Charles Schwab got rich in the stock business

After graduation, in 1961, Schwab and two friends from Stanford created a monthly newsletter called Investment Indicators, selling one-year subscriptions for $84. Two years later, the under-funded newsletter almost closed. “The newsletter needed a marketing push, so I developed a direct mail marketing program to boost circulation.”

As the newsletter performed well toward the end of 1963, Schwab launched the Investment Indicators mutual fund in San Francisco. By 1967 the fund had grown to $20 million. Due to regulatory issues in Texas requiring investor reimbursement and the fall of the stock market Schwab wound up $100,00 in debt and had to start over.

Two ventures in the 1970s, a drive-through animal park and Music Expo failed. “I learned that for every big success a person has, there must be at least one huge failure.”

In 1971, Schwab borrowed $100,000 from his uncle and launched First Commander Corp. as a traditional brokerage. When the fixed commission structure was lifted he became an innovator.

Yeah, but before he could innovate two things made the difference:

1. Selling advice through a newsletter
2. Having a rich uncle

How many people do you think got rich off that newsletter?



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China fireworks: how to make dramatic wealth from the fastest-growing economy in the world
- nothing great, advice too general
- cogo/lfc/yum (fundamentals were promoted/prices haven’t done much or are now down)


**** update on S&P 500 ****

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Becoming Your Own China Stock Guru: The Ultimate Investor’s Guide to Profiting from China’s Economic Boom
- not really (here’s the guide)
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Asian godfathers
- nice work, a reminder that the tycoons in Asia generate wealth not by being innovative but by influence, payoffs, and controlling interests in traditional industries.
- get out your history books, that’s the way it was done in the US a hundred years ago.
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Tycoons
- The great American tycoons from over a hundred years ago. How they got their start and what they did along the way.
- Bribery, influence, and monopolies (that’s business)

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Hey, tell everyone you wrote a book! Funny gift idea… you can give them “your book” (ladies can say they wrote it from a guy’s perspective)