SCHW
🛡️ Charles Schwab’s strategy of sacrificing short-term gains for long-term growth is praised.
🤝 The company’s diversified income streams position it favorably in the brokerage commission war.
🎯 Strategic acquisitions of competitors are expected following commission cuts.
@emeritoquintana:
“Charles Schwab has always been like the leader in self-destruction, sacrificing the short term for a new business that I think will be much bigger, and this has been the case for the last 20 or 30 years. Because it no longer depends solely on brokerage commissions, it was in a much better position than the rest. So, what has it done in this war? We have to deliver the blow to the competitors who depend more on commissions, and once the competitors have suffered, buy them.”
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