House of Fidelity
The Rise of the Johnson Dynasty and the Company That Changed American Investing
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House of Fidelity
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Narrated by:
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By:
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Justin Baer
About this listen
When Edward C. Johnson 2d founded Fidelity in 1946, investing was a pursuit reserved for the elite. Today, more than $15 trillion flows through Fidelity’s customer accounts and investment funds—touching the lives of one in five American adults. Fidelity helped invent modern retail investing: democratizing access to mutual funds, introducing the 401(k), and upending the need for traditional brokers.
But behind the scenes of this financial juggernaut is a family saga unlike any other. In House of Fidelity, veteran journalist Justin Baer tells the definitive story of the Johnsons—a New England dynasty that fiercely guarded control of their company while reshaping Wall Street. From the founder’s bold leap into Boston’s insular investing circles, to the meteoric rise of Peter Lynch, to behind-closed-doors battles over succession and legacy, Baer reveals a company and a family locked in a delicate balance of innovation, influence, and internal power struggles. House of Fidelity is a sweeping history of American investing—and the dynasty that came to define it.
Critic Reviews
“House of Fidelity pulls the curtain back on one of the country's most powerful and mysterious financial institutions…It’s a must read.”
—William D. Cohan , New York Times bestselling author of Power Failure
—William D. Cohan , New York Times bestselling author of Power Failure
“House of Fidelity is an important book, an engrossing, lively look at the transformation of both the nation’s most important investment firm — and modern-day financial markets.”—Gregory Zuckerman, author of The Man Who Solved the Market
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