Charles R. Schwab Quotes

“Explain the situation, accept responsibility, fix it, move forward.”

“Taking and managing risk is a critical part of any successful endeavor. In business particularly, you have to have an appetite for it or you stagnate.”

“Passion is the great slayer of adversity. Focus on strengths and what you enjoy.”

“Don’t limit investing to the financial world. Invest something of yourself, and you will be richly rewarded.”

“The most important factors to put in your favor are diversification, time, and low costs.”

“If there’s not enough money in the bank account, you don’t spend it.”

“If I had learned anything after years in the business, it was how little I could ever know about what the market would do tomorrow.”

“An entrepreneur who is afraid to hire people who can do something better than he can is doomed.”

“At the end of every day, having a clientele that speaks well of you, that’s the largest source of business. I don’t care what kind of business you’re in. Clients referring us to their friends or relatives is so much more powerful than any advertising we could ever do.”

“The central truth about investing: time is on your side when there’s plenty of it; it can be your worst enemy when it’s scarce.”