@TheFranky905
Staying private seems like a better option than public companies for the employees because it allows them to provide better benefits versus worrying about the bottom line and what the shareholders think. This is why they were voted top 100 company to work for.
@kchal0
This channel deserves to be so much bigger than it is. Saw this on my subscription feed and immediately clicked.
@Finaius
Some real succession drama by the Johnson family that owns Fidelity. The daughter even tried to overthrow her father from the CEO position. Watch till the end to see if she was successful.
@edoziengwu
This is my top 5 favourite channels on YouTube. Please, don't stop making financial documentaries.
@dystopicstate
For those of us that still need our Succession fix. Real talk, these mini docs are excellent. I really look forward to watching all of them.
@jebssan9
One takeaway here is how someone can hang on to power/monopoly of an empire. The Johnsons did a great job in this aspect.
@mikey5396
I worked at Fidelity for over 15 years and actually met Abby twice. She seems like the nicest person on the surface, but you can just tell she's got that killer instinct when it comes to business.
@blakealtonen9858
One of the best made documentaries on YouTube. Keep up the great work.
@midnightmotors7202
In the context of Kaiser Steel in the 1980s, I don't think it was competition from China that was the issue - it was Japan. China did not come onto the steel export scene significantly until the 2000s, even having a trade DEFICIT with the United States in steel until the mid to late 2000s.
@sarimkamal5649
Nice move .... moving from people to companies. This will expand the range of topics on channels, and help with the overall broader perspective on economies.
@fredblake6135
I really enjoyed this presentation on the background and history of Fidelity's roots. I've invested through Fidelity since the early 1990's...I remember Peter Lynch being their spokesperson on all marketing materials. I have found them to treat the "little guy" well over the years, allowing them to become one of the "big guys". They promoted investing in a true and steady fashion...focusing on the long term, rather than jumping on the latest temporary trend or newest financial gimmick.
@ambition112
3:27: ๐ Fidelity takes over Kaiser Steel, firing the management team and rejecting a hostile takeover plan. 8:06: ๐ผ Edward Crosby Johnson's journey from law student to mutual fund industry pioneer. 12:37: ๐ Edward Johnson of Fidelity implements new strategies, including high-frequency trading with technical analysis, to outperform competitors in the growing bull market. 19:41: ๐ Net Johnson saves Fidelity by focusing on money market funds and recruiting talented investors like Peter Lynch. 24:07: ๐ฆ Fidelity's rise to become a global financial powerhouse under the leadership of Net Johnson and his daughter, Abigail Johnson. 29:50: ๐ฐ Fidelity is a powerful and potentially dangerous private company that excels at gathering money. Recap by Tammy AI with useful time stamps
@lauranyc4966
Wow Father appreciating his childโs ruthlessness against him is absolutely brilliant in the financial world !!!!!!
@adamdior9495
My boy Rocky with yet ANOTHER BANGER! Seriously sir, your dedication to this craft is overtly appreciated. Well informed, well articulated and always right on time. Stay blessed my brother. And keep securing that bag. ๐ฐ๐ถ๐ฐ๐ถ๐ฐ๐ค๐ฝ
@Finaius
Some pointed out that at 0:52, China couldn't be the reason the steel industry was facing pressure in the 70s. I was skeptical when researching too. But after reading the report published by the U.S. government at the time (https://books.google.com/books?id=lLG-RgUMYFUC ) , China was the 5th largest steel producer. But since it was coming out of the cultural revolution, the growth of the steel industry was faster than any other country, at an incredibly cheap cost. That is what created competitive pressure.
@dhirajmeenavilli5508
Dude this is sick I love like corporate American history and I haven't found any other channels that talk about small events in broader corporate history cus these affect only such small things they're always relegated to the small footnotes. So thank you for bringing it out and for bringing it to life in such a captivating way. I can't wait wait even if the next video is like a year out it's well worth the wait.
@alexsteven.m6414
I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isnโt good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green and my retirement is edging closer by the day.
@zapcode2993
The quality of production is astounding. Here is a comment to help with the algorithm.
@APUSHstudent777
I did two internships with them while I was in college. Did not want to take the offer because they wanted me to wait 6 months to start a role. I remember watching the history video they have on their website and they talk about the key players. That video would have been a lot more interesting if they had revealed some of their dirty plays.
@Finaius