Succeeding with what you have by Charles M. Schwab - Summary

Charles M. Schwab was kind enough to share his wisdom on succeeding even if you have nothing to start out with in his concise and yet highly valuable book: Succeeding with what you have. Beneath you can find my notes from reading the book for each chapter.


Thinking beyond your job

To my mind, the best investment a young man starting out in business can possibly make is to give all his time, all his energies, to work - just plain hard work.

The man who fails to give fair service during the hours for which he is paid is dishonest. The man who is not willing to give more than this is foolish.

How men are appraised

Seizing your opportunities

The college man in business

The higher education for which these boys were giving up three or four of their best years holds no advantage of itself in the coming business battle. It will be valueless industrially unless it is accompanied by a capacity for plain, hard work, for concentration, for clear thinking. These qualities are not learned in textbooks.

Neither knowledge of the classics nor mathematical proficiency can be converted overnight into a marketable commodity.

What your employer expects

I love to appeal to the American spirit of conquest in my men, the spirit of doing things better than any one has ever done them before.

My twenty thousand partners

We find that if a man has not ambition enough to earn bonuses he is not likely to remain with us long.

The difference between us and other nations is that we know how to earn money, while they, in the main, know how to save it. The sordid, hoarding miser, who makes every sacrifice to accumulate, is so scarce with use as to cut no figure, while abroad he is everywhere.

Note: Lords of finance reference

Men I have worked with

He [Mr. Carnegie] had the broad views of a really big man. He was not bothered with the finicky little things that trouble so many people.

When I want to find fault with my men I say nothing when I go through their departments. If I were satisfied I would praise them. My silence hurts them more than anything else in the world, and it doesn't give offense. It makes them think and work harder.

Woman's part in man's success

A nagging wife, or one who is not in sympathy with a man's work, who expects impossible things of him, and is incapable of taking a general intelligent interest in his work, is one of the worst handicaps he could have.

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