A place for everything and everything in its place. Not quite so, says economist and journalist Tim Harford in new book Messy. He says that sometimes the best place is on a messy desk – and then into the bin rather than filed away.
Happy-go-lucky “pilers” do better than filers, he says. A desk is a dynamic object and things need to sit a while before you know what the right place is.
So piling up the desk with papers creates a natural filing system, where rules and useful, regularly accessed documents stay close to the top. Sporadically, you can just take the bottom half of the pile and dump it.
Even creating virtual folders in email is useless, Harford says, because filers file too early, before they really know how they will use information in the future, leading to “failed folders” containing just one or two emails. Just searching your emails produces more efficient results.
You may also miss out on the creative inspiration that comes from an artfully messy space, says Harford, referencing the Massachusetts Institute of Technology’s Building 20.
A “dusty firetrap”, this supposedly temporary structure was built during the Second World War but became a messy “garden shed” of a space for 50 years, incubating the first atomic clock, the first graphic arcade game and the first Bose speakers.
Messy also means improvisation, says the Financial Times columnist – and the new master is Donald Trump.
Mess can be used as a weapon to create chaos, Harford says: just what the new president-elect Trump has been doing recently with his late-night tweets and attention-grabbing comments.
A messy desk equalling a creative mind is not a new theory, and Harford happily admits he’s a tidy person who was “self-medicating” in writing this book. But it makes for an easy read, with lots of engaging stories to make your case if you’re minded to be messy.
If you’re not, it may persuade you to leave that wayward pen on your desk.
Messy: How to Be Creative and Resilient in a Tidy-Minded World is published in hardcover by Riverhead Books, and costs US$13.60 from Amazon.co.uk.
q&a winging it really can work
Suzanne Locke offers more insights from Tim Harford's Messy:
Any creative way I can make people read my reports?
Use “messy” fonts to grab your colleagues’ attention, claims Harford. He cites a study by psychologists that got teachers to reformat their teaching handouts using three unusual fonts – the “dense” Haettenschweiler, the “florid” Monotype Corsiva or the “zesty” Comic Sans italicised. The fonts made students slow down and think about what they were reading, ending up with higher scores than students reading standard fonts in the same handouts.
Is preparation worthwhile when I’m due to present a report or speak publicly?
If you follow the story of Martin Luther King, no. King had just 15 minutes to prepare before speaking to thousands of protesters at the march. It led to him throwing away his prepared notes when he gave his I Have a Dream speech in 1963.
Should I follow my office’s rules on tidiness?
Harford gives the example of a 2010 study by psychologists at the University of Exeter. They created four office layouts: a “lean” (spartan) office; an “enriched” space with pictures and plants; an “empowered” office, where workers could arrange their own decorations; and a “disempowered” office, where the psychologists rearranged that space. Those working in the empowered office got 30 per cent more done than in the lean, and 15 per cent more than in the enriched space. But those in the disempowered office had the lowest productivity.
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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
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.”
Company%20profile
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Straightforward ways to reduce sugar in your family's diet
- Ban fruit juice and sodas
- Eat a hearty breakfast that contains fats and wholegrains, such as peanut butter on multigrain toast or full-fat plain yoghurt with whole fruit and nuts, to avoid the need for a 10am snack
- Give young children plain yoghurt with whole fruits mashed into it
- Reduce the number of cakes, biscuits and sweets. Reserve them for a treat
- Don’t eat dessert every day
- Make your own smoothies. Always use the whole fruit to maintain the benefit of its fibre content and don’t add any sweeteners
- Always go for natural whole foods over processed, packaged foods. Ask yourself would your grandmother have eaten it?
- Read food labels if you really do feel the need to buy processed food
- Eat everything in moderation
Can NRIs vote in the election?
Indians residing overseas cannot cast their ballot abroad
Non-resident Indians or NRIs can vote only by going to a polling booth in their home constituency
There are about 3.1 million NRIs living overseas
Indians have urged political parties to extend the right to vote to citizens residing overseas
A committee of the Election Commission of India approved of proxy voting for non-resident Indians
Proxy voting means that a person can authorise someone residing in the same polling booth area to cast a vote on his behalf.
This option is currently available for the armed forces, police and government officials posted outside India
A bill was passed in the lower house of India’s parliament or the Lok Sabha to extend proxy voting to non-resident Indians
However, this did not come before the upper house or Rajya Sabha and has lapsed
The issue of NRI voting draws a huge amount of interest in India and overseas
Over the past few months, Indians have received messages on mobile phones and on social media claiming that NRIs can cast their votes online
The Election Commission of India then clarified that NRIs could not vote online
The Election Commission lodged a complaint with the Delhi Police asking it to clamp down on the people spreading misinformation
AUSTRALIA SQUAD
Steve Smith (capt), David Warner, Cameron Bancroft, Jackson Bird, Pat Cummins, Peter Handscomb, Josh Hazlewood, Usman Khawaja, Nathan Lyon, Shaun Marsh, Tim Paine, Chadd Sayers, Mitchell Starc.
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The British in India: Three Centuries of Ambition and Experience
by David Gilmour
Allen Lane