General Electric's CEO Plans to Save a Vital Industry In Canada

Canada stands to make $1.6 trillion on oil sand production from 2013 to 2022.

Jul 20, 2014 at 10:27AM

Mining the oil sands is a difficult business, but it's one of the biggest oil resources left in the world. Tapping into this resource can be an awfully dirty process. Now, though, General Electric (NYSE:GE) CEO Jeff Immelt, a proven business leader with close relationships with Wall Street, Silicon Valley, and Capitol Hill, is trying to find a way to improve oil sands production by reducing its carbon footprint.

In the following episode of Where the Money Is, analysts Taylor Muckerman and Joel South discuss how Immelt is paving the way for Canada to benefit from increased oil sands production by pioneering an open source project in which oil companies hold each other accountable and share best practices. 

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Joel South and Taylor Muckerman have no position in any stocks mentioned. The Motley Fool owns shares of General Electric. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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