Where to go when: Autumn season



For more details

• Limassol, Cyprus: For details visit www.limassolmarina.com

• Kaokoveld, Namibia: Wilderness Safaris (www.wilderness-safaris.com) organises stays at Hoanib Skeleton Coast Camp for R6,000 (Dh2,077)

• Community safari in Kenya: The Conservation & Community Safari is from October 27 to November 2. For more information, call 0027 218 762 153 or email info@classic-portfolio.com

• Melbourne Festival, Australia: Multi-event packages are now on sale, with a 15 per cent discount when you sign up for three or more events. For details visit www.melbournefestival.com.au

• Hermanus, South Africa: For the full programme, visit www.whalefestival.co.za

• Around the World: Natural World Safaris organises a customised itinerary for this US$1-million (Dh3.6m) expedition, inclusive of first-class flights, private transfers, five-star accommodation, all meals, park fees and excursions. For more information visit www.naturalworldsafaris.com, or call Will Bolsover on 0044 1273 691 642

• Alba, Italy: The truffle market is open every weekend in November and the auction takes place on November 16. For more information, email info@fieradeltartufo.org

• Chiang Mai, Thailand: Loi Krathong is sometimes called the Yi Peng festival in Chiang Mai; both Emirates and Etihad fly to Chiang Mai via Bangkok

• Cayman Islands, Caribbean: Pirates Week is from November 6 to November 16 this year. Check for updates on https://www.facebook.com/CaymanIslandsPiratesWeekFestival. If you want to be a part of the annual "pirate invasion", email pirates@candw.ky

• Rajasthan, India: The Pushkar fair runs until November 6, and can now be viewed in relative luxury from a hot-air balloon. Visit www.skywaltz.comfor more information

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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months
How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.