BlackBerry's Making a Huge Mistake

BlackBerry is developing a mobile device for emerging markets. Here's why one Fool thinks that's an awful idea.

Jan 2, 2014 at 2:15PM

Despite recording a massive $4.4 billion GAAP loss last quarter, shares of BlackBerry (NASDAQ:BBRY) have surged more than 20% over the past two weeks as investors remain optimistic regarding interim CEO John Chen's plan to turn around the struggling company.

In addition to honing its focus on its promising enterprise software and messaging businesses, part of that plan involved striking a development agreement with Apple (NASDAQ:AAPL) manufacturer Foxconn, the initial focus of which will be to create a low-cost consumer smartphone for developing markets like Indonesia.

But according to the Fool's Steve Symington in the video below, it's a big mistake for BlackBerry to place any energy into bolstering its failing consumer business at this point.

Specifically, Steve says, BlackBerry's missteps in Indonesia have already cost it significant market share as better-funded competitors like Apple and Samsung (NASDAQOTH:SSNLF) continue to expand their presence around the globe.

To hear Steve's full take on why BlackBerry would be wise to instead focus entirely on what it does best, please check out the video below.

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Fool contributor Steve Symington owns shares of Apple. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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