Fidelity: The 8 Trillion Dollar Private Company | A Finance Documentary
2022 ж. 8 Шіл.
1 413 736 Рет қаралды
𝗦𝘁𝗮𝗿𝘁 𝗹𝗲𝗮𝗿𝗻𝗶𝗻𝗴 𝗮𝘁 brilliant.org/finaius/
Fidelity is a giant wall street firm that is owned by just one secretive family - The Johnsons. Get ready to learn about the unbelievable history of this financial conglomerate.
For the tales too epic for KZhead, meet me over on Patreon - / finaius
𝐓𝐡𝐫𝐞𝐞 𝐁𝐨𝐨𝐤𝐬 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐟𝐢𝐥𝐦 -
📘Reminiscences of a Stock Operator (amzn.to/3uzILdQ)
📘Fidelity's World (amzn.to/3PdBMPJ)
📘Beating the Street (amzn.to/3x8kUCv)
🎶𝐌𝐮𝐬𝐢𝐜 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐯𝐢𝐝𝐞𝐨 - open.spotify.com/artist/5dzPV...
𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐦𝐞 𝐨𝐧 𝐏𝐚𝐭𝐫𝐞𝐨𝐧 𝐭𝐨 𝐫𝐞𝐥𝐞𝐚𝐬𝐞 𝐟𝐚𝐬𝐭𝐞𝐫 😇 - / finaius
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LinkedIn: linkedin.com/in/rocky-xu-0487498b/
𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐭𝐞 𝗙𝗶𝗱𝗲𝗹𝘁𝘆, 𝐬𝐢𝐠𝐧 𝐮𝐩 𝐟𝐨𝐫 𝐖𝐞𝐁𝐮𝐥𝐥 𝐢𝐧𝐬𝐭𝐞𝐚𝐝 😂 - a.webull.com/i/FINAiUS
You left out the part where Brian Storms and Bob Sullivan penetrated the EU bank distribution channels for white-labeled funds (out of Boston, Luxembourg & London (1992-1999) then dominated virtually ALL mutual fund cash flows in Europe.
For what reasons would we hate Fideltiy?
This channel deserves to be so much bigger than it is. Saw this on my subscription feed and immediately clicked.
Bigger than Cold Fusion...
Please do JP Morgan and their ties with Federal Reserve and Bank of England
What ties?
One of the best made documentaries on KZhead. Keep up the great work.
Amen to that, Blake! I just stumbled upon this channel and am certainly glad I did!
This is my top 5 favourite channels on KZhead. Please, don't stop making financial documentaries.
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.
Too many ideas. Too little time. Lol
All of it is good .. as long as it not bullshit gurus trying to sell you fake get rich quick stuff like ty lopez and all those other KZheadr faker’s
@@Finaius just keep em coming don't worry stressing urself abt it. Good content is worth the wait, regardless of the type :D
@@Finaius please Case study on 'Warren Buffet' ?
@@R.K146 😩😩😩😩😩. Please, don't make a documentary on WB yet. I believe we have all read so much about him already. I would love to see you profile more African & Asian business women/men & companies that dominate the African & Asian regions.
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. 💰💶💰💶💰🤘🏽
Thanks Adam
It's a c+ for sure.
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.
Not just private but zero leverage and no owners that don’t work in the company. Even being sold to private equity the company is run down to shit and employees are smart to leave because all the perks that allowed them to grow are over with. Even users of the product should seek to leave when one of these things happen.
Take a closer look at cooperatives, there are good examples around the world. In cooperatives, it's about the member-value and not the shareholder-value, and everyone can get a member with a right to vote.
You discovered the secret of the Scandinavian economy.
Going public is the death of a company. How do they pursued the owner ? At gun point ?
Going public is on essential goods should be against the law..
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 isn’t 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.
As with an my big financial decision ,it’s important to keep your guard’s up for economic risks. However,smart planning,time management and seeking advise from a financial adviser can help keep you and your money safe and also help plan your retirement.
@@valeriepierre9778 I'm in my late 50s and I'm more interested in investments that could set me up for retirement in my 60s, my goal is atleast $2million, i want to buy a big enough for i and my grandkids, I also have a dog
@@bernisejedeon5888 Fantastic! can u share more details?
@@edelineguillet2121 Not sure what you meant by that. i already did
You have to use math and logic. Simple
Your videos are incredibly well done. You make the financial history/documentary genre really come alive. Amazing storytelling and compelling visuals. Keep going bruv. You have my subscription 😉👍
3:27: 📊 Fidelity takes over Kaiser Steel, firing the management team and rejecting a hostile takeover plan. 8:06: 💼 Edward Crosby Johnson's journey from law student to mutual fund industry pioneer. 12:37: 📈 Edward Johnson of Fidelity implements new strategies, including high-frequency trading with technical analysis, to outperform competitors in the growing bull market. 19:41: 📈 Net Johnson saves Fidelity by focusing on money market funds and recruiting talented investors like Peter Lynch. 24:07: 🏦 Fidelity's rise to become a global financial powerhouse under the leadership of Net Johnson and his daughter, Abigail Johnson. 29:50: 💰 Fidelity is a powerful and potentially dangerous private company that excels at gathering money. Recap by Tammy AI with useful time stamps
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.
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.
After a terrible 2022, shell-dazed monetary supporters have incidents to recuperate and a ton to consider, as an extension report and a heap of various data did not near anything to change suppositions that the National bank would likely continue to climb intrest rates whether or not the economy tones down, And that suggests more red ink for portfolios for the chief quarter of year 2023. How should I benefit from the continuous temperamental market, I'm as of now at an intersection picking if to trade my $250k security/stock portfolio.
Center around two key targets. In the first place, remain safeguarded by realizing when to offer stocks to cut misfortunes and catch benefits. Second, get ready to benefit when the market turns around.I suggest you look for the direction a representative or monetary consultant.
Indeed, I have been in consistent contact with monetary examiners since Coronavirus. Purchasing moving stocks is truly simple nowadays, yet the test is choosing when to purchase and when to sell. My counsel decides the section and leave orders for my portfolio. Amassed more than $550,000 from an at first stale $150,000 save.
@@richiegiggs Could you please leave your investment advisor details here? I need it urgently.
@@tblazegutt My consultant is KIMBERLY JEAN HEAVNER. From that point forward, she has given section and leave focuses to protections that I have been watching out for. On the off chance that you're interested about the chief, you can find it on the web. I fundamentally followed their exchanging design and regret nothing.
@@richiegiggs Much appreciated, I gazed her upward on the web and was profoundly dazzled by her qualifications; I reached out to her since I really want all the assist I with canning get. I just set up a call.
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.
Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figure in 3 month, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement
@@rajeshupadhyay5683Think long term, personally i ventured into the market so i won’t be stranded after i retire. A colleague of mine introduced me to CFA " Priscilla Dearmin-Turner " who drew out retirement plans and they all aligned with what i wanted and had to pick one plan and with her exit and entry strategies on commodities , securities and digital assets, my portfolio has really been diversified with good ROI. I am really impressed by how much i have achieved
Investment now will be wise but the truth is investing on your own will be a high risk. I think it will be best to get a professional👌
@@lezliewhicker8450 Thank you, i just lookup her name online and found her qualifications on FINRA and SEC, she seems really solid. I leave her a mail on her webpage🙏
A news host spoke so highly of this💕 woman Priscilla Dearmin-Turner and her loss prevention strategies been trying to get to her ever since didn’t know she was so accessible here
I'm wondering if you put this entire video together on your own. The way it was all put together was just like something i watch on discovery. The clip editing, the way you told the story the sound clips was all done extremely well. Bravo sir! I ABSOLUTELY LOVE the topic you chose. Important part of our history yet not well known. Great title also. Pulled me right in. I'm sure this took a lot of time on your part to put this together. Keep them coming if you can because I'll surely be watching.I've already subbed to your channel
Dude took all the ideas and vocabulary from the documentary the man who build America..omfg😂😂😂😂 ..
Yeah....Finaius rocks....check out his other docs....truly educational & insightful
One takeaway here is how someone can hang on to power/monopoly of an empire. The Johnsons did a great job in this aspect.
As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.
There are tactics that could be implemented for consistent gains independent of the economy or market conditions, but such executions are often carried out by experienced investment specialists or advisors.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
"Carol Pasol Lewis". You can easily look her up, she has years of financiaI market experience.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
The quality of production is astounding. Here is a comment to help with the algorithm.
You're producing really high quality, informative and entertaining content right across your channel! Awesome work!
Hey man just want to say I love your videos. They're so well done. Keep up the good work.
I looooove your documentaries... They're so captivating.(Plus the story telling is on another level)
I just don't have the words to describe how amazing your content is. Congratulations 🎉 keep up the great work and stay humble!!!
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.
1:55 Unreal Engine 5 demo?! Nice touch.
@@norbertk.5328 You got it. 😂
The succession series is an example
I really love the Succession theme song at 29:47, and of course a helicopter :D
You should do one about Jeffries Financial Group!
The cinematics are top tier ! Love this type of content
Hands down, the highest quality finance channel on KZhead!
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.
It would have taken me a lot of time to get to this quality research knowledge I got in this video just in minutes. Great job looking forward to more of quality content
Dad really tested his daughter's fidelity... Another great one :).
A brilliant doc!! Kudos to the info. I'm inspired to start my own fund because of the position that fidelity holds in the financial world
omg. this was So well put together!! amazing content
I watched the video and I appreciate the elaboration on the family and the nice information about the past economic environment. Thank you. I am looking forward to new videos!
Your documentaries are what I wait for. Absolutely love tour work
Have n’t watched it yet but I Vance sense another gem - will catch tomorrow. Keep em coming 👍🏾👏🏽👏🏽
Bro your documentaries are always informative they help me to be motivated to work hard thanks.
Appreciate your efforts that you put in to put up such great content!
Great work as usual, we need more.
You’re a great storyteller and you make an otherwise complex and secretive issue easy to understand. Thank you.
You are doing an amazing job with all of these. Your work is unique and enjoyable. Can’t wait for more.
bro you should higher someone to be a narrator. you're great with the words, someone who's got a buttery smooth voice will take it even further 🚀💪🏽
I'm less than half way thru this video...great video so far! Very informative and easy to follow
Was looking forward to this one Rocky, great upload! 👍🏽
Absolutely love the content! Since you started making documentaries on companies, are tiger cub funds next?
Who else has been waiting for a new video? Thank you for this great contents.
Brilliant video. The research, detail and quality is great
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.
this is THE BEST financial documentary channel !....hands down !!👍
Great documentary! I work in the MF industry in Canada and always wondered why there were so many big firms with deep roots in Boston (Fidelity, MFS, Putnam, etc...) Was so interesting to learn the history of the biggest private firm in the world.
Fidelity is the 12th largest private company in America (according to Forbes). There are larger private companies that most people have never even heard of such as C&S Wholesale Grocers in New Hampshire (with revenues of 33 billion versus Fidelity's 24 billion). I have LIVED in New Hampshire the last 28 years and still never heard of the company until recently.
Another amazing video!! Make one on Goldman Sachs, I doubt there’s a financial firm that’s been more involved in drama, power and finance than them. Although it would probably require more than one episode due to their rich and eventful history.
In the works.
@A Z Wouldn’t be a mistake to make about them either, especially from the era of JP Morgan himself! But I think Goldman has one up on JPM in terms of at least history and drama. There are books written about how Goldman ”came to rule the world” and this channel has already tapped on Jamie Dimon and thus, JPM partially.
@@Rampe666 Can you provide the name of some of these books?
@@happyeastwood Money and Power by William D. Cohan
@@Rampe666 Thank you for the name.
Another work of art. I love watching your videos and I'm not even interested in finance. The storytelling, pacing and visuals are all next level.
always a great video! I look forward to every upload you have. Love the succession reference at the end, I guess the attempted takeover at fidelity gave inspiration to the succession writers.
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 (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.
I love the introduction of the Succession theme song when you introduced Abigail. Nice touch!
great piece of documentary, beautiful pace of delivery. thank you!
Love this channel. Love the production. The old footages made me nostalgic.
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@Dan Brooks Impressive can you share more info?
@Dan Brooks She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Don't play with money don't gamble and don't worry.
Another masterpiece, thank you!
The utter quality of these videos is amazing !!!
so glad to see your channel has grown so much bro keep it up
Peter Lynch's performance will go down as the greatest investing streak of all time. The dude is a legend.
His mantra is , " Know what you don't know . "
Great video. It kept me wanting more. Love it. Thank you
Getting addicted to this channel! Great job!!
Your videos are inspiring. If I ever make it I’ll make sure to thank you my guy. You keep me motivated to make it big. Keep it up brother.
The moment I heard Peter Lynch. I jumped up and said oooooh! I forgot about this part. Amazing man, to me this became a twist. I love you work.
I love the fact there still family owned that's the real inspiration
Keeps getting better man, keep up the great content!
Quality content as always.. Quality Video, nicely done 👌Thanks
Amazing work family, keep it up! Blessings from Jamaica
Blessings my g
This was such a high quality documentry, it's first time i have a watched a 30 minutes documentry . Glad this thing came up in my recommendation. As a young invester and an upcoming employee of the organisation, this video was very educational for me
Glad you’re back 👍👍
Nice work on the editing and story telling! High quality.
Nice vdo. Pls make similar vdos on the biggest Hedge Funds and Asset management companies as well.
Johnson's daughter tried to get him fired, she failed, and he was happy she attempted. That's some Sith level family energy right there.
The most impressive part of the documentary
I'd like to add, that it was very inspiring. I love the ruthlessness
Please keep this channel rolling!
Wow Father appreciating his child’s ruthlessness against him is absolutely brilliant in the financial world !!!!!!
falling in love with finance and your channel!!! Please make a documentary on chase coleman the third. Love from india
Thanks @FINAiUS for all the great videos! Keep them coming! Much honor!
i love this channel my G!!!! as soon as i heard your voice i just got excited bro!!!!
Man these are all fire! Wish you posted more
Damn! Damn. Such a good storytelling and visuals and music. I'd say maybe even TOO deep and intertwined for a casual viewer, but for me it was perfect :) Also the first video on the company instead of person - almost seamless transition, not so easy to pull off, congrats :) I am curious though... How did you get the rights to succession music theme, and are you doing these 3D rendering scenes yourself/outsourcing or is there some marketplace with scenes like that?
Im a casual and i love the content
Love your work . Can you make a video on bill foley, “the corporate raider”. Appreciate your content ❤️
The succession theme song at the end was a really nice touch. Well done as always!
Keep them coming man 💪🏾💪🏾💪🏾💪🏾
I'll compliment you on all the work you did with this, but I think there's a fair bit that's been left out. For instance how has the business changed under Abigail Johnson? Private investments they've made such as their investment into SpaceX. I think going into the Qualitative vs Quantitative shift of management, and also going further into the way they dodged the 2008 crash by not going into banking. 401k management is more than half of their assets too. Seems like maybe this could have been part 1 of a 2 or 3 part series.
Goated Channel and Story Telling
top notch content. Very engrossing. Here before the channel ultimately blows up
Many investors/traders advice - that at the start of the bear market, you should sell and buy later on. My question - How do they know at the beginning of the correction - whether stocks would fall by 5%, 10%, 20%, 30% or more?
Stock market is the only place where people leave when there's massive discount sale happening.
Two most important parameter to analyse while investing in a bear Mark is - 1 The business you're planning to invest is Fundamentally Strong i.e., Having Competitive Advantage or not ! 2. Even after 10% 20% 30% down from ATH, is the *Valuation" correct or not.
To manage investment risk consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal. Remember, iversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline Because investing can be complicated. Consider working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out.
Your assertion that as we age we become more risk averse rings so much true to me. Can you recommend any fiduciary Financial Advisor?
@@lilianazuluaga6504 “Paul gustave schoffelen“does a good job. He is quite the genius in portfolio iversification. You can look him up on the internet as he is SEC regulated.
I find it very strange that even safe treasury- & inflation-protected bonds ARE down more than any year since 234 years ago.
Love you channel. Your videos make a difference in my life. Thank you!
Nice work. Keep it up. Love these.
I am about to watch it. I bet its gonna be awesome
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.
Amazing.
My favorite channel on business documentaries. 👌
Love these videos! Thank you for sharing!👏👏👏
thanks for ur videos
我覺得您的頻道是我看過最好的，都能成Netflix 特輯，加油！！！
Thank you Legend.Another great content.
Love this channel keep up the good work
Good doc bro .. keep it up
It's hard to make money here just relying on the market, you need to have some judgment of your own, maybe we can share some of each other's investment experience