What Amazon Can Learn From IBM’s Watson

IBM’s Watson computer can change the face of many industries, especially health care and retail.

Mar 19, 2014 at 2:00PM

One of the more fascinating discussions at South by Southwest Interactive in Austin, Tex., centered on IBM's (NYSE:IBM) Watson computer. While famous for its performance on the TV quiz show Jeopardy, IBM has much greater revenue-generating goals ahead for it.

The next generation of apps for Watson could involve enhanced selling opportunities for retailers like Amazon.com (NASDAQ:AMZN). Amazon could team up with the supercomputer and offer a shopping experience unlike anything consumers are seeing today.

The health-care field is also set to benefit. Watson has the potential to drastically cut down on misdiagnoses, and save untold lives in the process.

In the following video, Motley Fool analysts Lyons George and Rex Moore report from SXSW on the promising future of IBM's Watson project.

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Lyons George has no position in any stocks mentioned. Rex Moore owns shares of Google. The Motley Fool recommends Amazon.com and Google. The Motley Fool owns shares of Amazon.com, Google, and International Business Machines. 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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