Selling a Business Isn't as Easy as it Once Was

Floyd Wilson has publicly announced that Halcon Resources is officially on the auction block.

Mar 26, 2014 at 10:27AM

Floyd Wilson isn't one to shy away from publicly commenting on his company's operations. Not too long ago, he was filling investors in on how poorly Halcon Resources' (NYSE:HK) Utica wells were performing. Now, he has officially put the company he founded on the auction block. Unfortunately, there don't appear to be too many buyers in the market right now. 

One of the better bets might be a national oil company from China, as they were busy buying into the North American energy business last year. Perhaps his statements about the Utica are scaring some companies away, but results from Chesapeake Energy (NYSE:CHK) and others have been pretty surprising. Estimates show that $6 billion has already been spent on drilling in the region, so clearly there are some deep-pocketed believers. For more on the topic, check out the short clip below. 

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This segment is from Tuesday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.

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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