5 Life Lessons From Charles Schwab

Charles Schwab (R) with Kevin Na at the Charles Schwab Challenge at Colonial Country Club in Fort Worth, Texas, on May 26, 2019. Tom Pennington/Getty Images

NEW YORK—When Charles Schwab stares intently at his smartphone, you can be sure of one thing: He is checking the stock market.

The 82-year-old has been in a heated love affair with stocks and capitalism ever since starting his brokerage back in 1971.