Tom Cruise and Jeremy Renner grapple on the Burj Khalifa, in Mission:Impossible - Ghost Protocol
Tom Cruise and Jeremy Renner grapple on the Burj Khalifa, in Mission:Impossible - Ghost Protocol

Let me start by saying the end isn’t relevant



There’s an old story – the kind of story journalists call “too good to check” – about the filming of the classic detective movie The Big Sleep.

The movie – starring Humphrey Bogart as the iconic cold-hearted detective Philip Marlowe, and Lauren Bacall as his mysterious femme fatale – is a dark, moody picture filled with rain and cigarette smoke and crackling dialogue between the two stars, but it’s also almost impossible to figure out what’s actually going on. Who killed whom, and why, and when, are questions pushed to the side to make room for lots of smouldering looks from Bacall and tough-guy wisecracks from Bogart.

It’s a great picture, of course – a true classic – but it’s fair to say that it doesn’t make a great deal of sense. Then as now, most Hollywood pictures are written by a series of screenwriters, all writing and rewriting each other until they’re told to stop.

The Big Sleep has three credited screenwriters and when you toss a lot of writing talent at a story what you get is some extraordinary dialogue but not a lot of plot-line clarity.

The movie is a baffling series of twists and elliptical conversations, and the legend goes that midway through the filming Bogart asked the director, the great Howard Hawks, to explain how the story actually worked. If this guy killed that guy, Bogart asked, then who killed the other guy?

Hawks thought for a moment, then shrugged. He had no idea. But he knew someone who would – the author of the original novel and the creator of the character of Philip Marlowe. So he and Bogart called up author Raymond Chandler and put the question to him: if this guy killed that guy, then who killed the other guy?

There was a silence on the line.

“I have no idea,” the author of the book is reported as saying. “But does it really matter?”

Of course it didn’t. The point of the movie wasn’t to solve a mystery, it was to get two romantic movie stars on screen together, to show off what we call their “chemistry”, and as anyone who has seen The Big Sleep can attest, Bogart and Bacall had lots of chemistry.

Some pictures, though, are in a slightly different position. Last week, in the middle of the production of the fifth instalment of the Tom Cruise blockbuster movie series, Mission: Impossible, the studio decided to halt filming for a week so that the producers – who include Cruise – and the director can figure out how to end it.

At some point, I suppose – much like Bogart and Hawks years ago on the set of The Big Sleep – Tom Cruise and the director sat down to read the rest of the script of the movie they were currently shooting and both looked up at the same time and asked each other the same question: “What’s going on here?” And then: “We’d better take a moment and figure this thing out.”

It sounds crazy, I know. What on Earth would possess a giant movie studio to start production on a hugely expensive picture without knowing in advance how the thing was supposed to end? Well, the first thing to bear in mind is that the last Mission: Impossible movie, the fourth instalment, earned almost US$650 million worldwide, so as far as the executives at the studio were concerned, the most important thing in the world – more than their health and the health of their families – was to get Mission: Impossible 5 up and rolling.

“Just get started,” is an important rule in Hollywood – and in a lot of other businesses, too. (It’s also useful in life, I’ve found.) The forces of inertia, fear of failure, endless thinking and rethinking – these are all the enemies of decisive forward action.

A studio that keeps reworking a script until it’s perfect may find that it has lost out on the perfect cast or the right director; or worse, that the audience taste has moved on; or worst of all, that another studio has released a picture with the same essential storyline. When this much money is at stake, the rule is: Just get started.

“Fix it later” is another important rule. If the script needs work you can rewrite it on the fly. If the picture isn’t quite right you can adjust it during the post-production process. Knowing that you can “fix it later” is the chief reason you can “just get started”.

So last week they shut everything down, at enormous cost, and are right now holed up somewhere – Tom Cruise, the director and a writer – trying to figure out how to end a movie they’re halfway through filming.

The movie opens this summer – its official release date is July 31 – so there are early advertisements being produced and trailers being cut.

Wherever Tom Cruise and his team are right this minute – probably in some expensive hotel suite, staring at a large computer screen with the word “Ending?” written on it – the pressure must be immense. Think of that later this summer when you go to see the film.

Just get started. Fix it later. These are words of wisdom for any business, and any life, too. They seem to fit every human endeavour. Except, I’m told, marriage.

Rob Long is a writer and producer based in Hollywood

On Twitter: @rcbl

COMPANY%20PROFILE
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A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

The specs

Price, base / as tested Dh1,100,000 (est)

Engine 5.2-litre V10

Gearbox seven-speed dual clutch

Power 630bhp @ 8,000rpm

Torque 600Nm @ 6,500rpm

Fuel economy, combined 15.7L / 100km (est) 

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia

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.”