A man walks into a jewellery store to buy his wife a gift. The salesman points first to a case filled with expensive bracelets. "These things say, 'Darling, I love you'."
Then he points to a case filled with diamonds and pearls. "These say, 'darling, I adore you'." Next, dazzling necklaces. "And these say: 'darling, I'm terribly sorry'."
The husband thinks, then asks: "What do you have that says, 'darling, will you please calm down?'"
Anyone who has every been in a relationship - romantic, familial, business, whatever - knows that is what you want to say most often: please calm down. That is also what the other person often needs to hear, but as many of us have learnt the hard way, it is never a good idea to say those exact words.
This is a problem in the entertainment industry, because it is filled with volatile people, many of whom have made millions from precisely the inability to remain calm.
Even those of us in the quieter sectors of the business - writing, lawyering, that sort of thing - have been known to get emotional, despite our reputation as retiring intellectuals. Something will happen - maybe a television show gets cancelled, or a studio executive is rude. Big or small, these things happen. Every business has disappointments. The trick is to calm down.
"Never do anything in anger" is a good maxim. But the entertainment industry is full of impossibly successful figures with mythic tempers. There are stories about Oscar-winning directors tossing laptops from moving cars, blockbuster-starring actors erupting into spittle-flying rages, rug-chewing producers, shrieking leading ladies. Most of these tales are mostly true.
In this business, anger sometimes seems like a pretty good moneymaking strategy. It is not really, of course. We all know how these things go for most of us, who are not gorgeous or powerful: you get angry. You say something crazy. And now you have dug yourself in and you cannot get out.
Hollywood has found a solution to this problem: agents. Agents find new, diplomatic ways to say "calm down". And that is what keeps this business humming along.
A friend of mine is involved in a nasty dispute with a studio, where he is still working under a fairly lucrative contract. It is awkward and complicated to be interacting with management while harbouring the seething, slightly irrational resentments that only Hollywood writers specialise in.
He will be in a meeting and things will be going along smoothly. Then some executive will say something in a slightly "off" tone of voice, and the whole meeting will sour. My friend's resentments and grievances will bubble to the surface, he will say something inappropriate, or needlessly insulting and obstinate, and everyone will get uncomfortable.
After the last such eruption, he did what everyone does in Hollywood when something like this happens: he called his agent to vent his frustration. He really let loose about every small thing, every large thing, every medium thing the studio has done to him that made him ready to walk out.
His agent wanted to say, "calm down". But what he actually said was: "Let me handle this."
"But am I right?" my friend sputtered. "You're totally right," the agent said soothingly. "But this is my job. Let me be the bad guy. Let me yell at the studio. That is beneath you. You're the artist. I'm going to handle this. I'm going to go ballistic. The minute we hang up the phone, I'm calling over there."
Which, as any good agent knows, is exactly what he did not do. He did nothing. He waited for my friend to calm down. The studio, which naturally has noticed that my friend has been antagonistic of late, reported back to the agent a few days later that the air had suddenly cleared. They noticed he was smiling more.
My friend reported to his agent that the studio seemed friendlier and more conciliatory, which soothed his ego and defused the resentments. Assuming that his agent had yelled at the studio, my pal no longer felt that he needed to.
The agent's actual "work product" had been to listen to his client on the phone while playing Candy Crush on his iPad.
That is often the best way to get someone to calm down. First, tell them you will handle it. Then, do absolutely nothing. It works in Hollywood, foreign relations and in the toughest combat of all, marriage.
Rob Long is a writer and producer based in Hollywood
On Twitter: @rcbl
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Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
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Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
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Europa League semi-final, second leg
Atletico Madrid (1) v Arsenal (1)
Where: Wanda Metropolitano
When: Thursday, May 3
Live: On BeIN Sports HD
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
THE TWIN BIO
Their favourite city: Dubai
Their favourite food: Khaleeji
Their favourite past-time : walking on the beach
Their favorite quote: ‘we rise by lifting others’ by Robert Ingersoll
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COMPANY PROFILE
Name: Kumulus Water
Started: 2021
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Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The specs
Engine: 4.0-litre, six-cylinder
Transmission: six-speed manual
Power: 395bhp
Torque: 420Nm
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MATCH RESULT
Al Jazira 3 Persepolis 2
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Persepolis: Alipour (42'), Mensha (84')
How to report a beggar
Abu Dhabi – Call 999 or 8002626 (Aman Service)
Dubai – Call 800243
Sharjah – Call 065632222
Ras Al Khaimah - Call 072053372
Ajman – Call 067401616
Umm Al Quwain – Call 999
Fujairah - Call 092051100 or 092224411
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F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5