IMAX to Open Its First Theaters in Mongolia

IMAX will build two facilities in Ulan Bator in combination with a local partner.

Mar 21, 2014 at 11:07PM

IMAX (NYSE:IMAX) is expanding its global reach deep into Asia. The company announced that, in collaboration with a local partner, it will open its first movie theaters in Mongolia. The pair will be located in new construction projects in the capital city, Ulan Bator. IMAX did not specify when it expected the facilities to open.

The company's partner in the project is New Tour Safaris, operator of what IMAX says is the largest film exhibition and entertainment firm in the country, Urgoo Cinemas.

In the press release heralding the news, IMAX touted the growth potential of the country. It quoted its President of EMEA, Andrew Cripps, as saying that it was "delighted to join forces with the nation's top exhibitor to bring IMAX to moviegoers in Mongolia – one of the world's fastest-growing economies and a market which we believe holds tremendous potential."

With the new Mongolian theaters, IMAX will have a presence in 58 countries across the globe.

Eric Volkman has no position in IMAX. The Motley Fool recommends and owns shares of IMAX. 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.

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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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