There is a theory propounded by some who have had lobotomies that Sachin Tendulkar is a selfish man who plays only for records.
I was reminded of it on a cold evening last May in Port Elizabeth, South Africa, an hour or so after the Mumbai Indians' interest in the IPL had ended. The press conference was over, but Tendulkar was still seething.
We stood out on the steps near the old St George's Park pavilion and he raged about losses earlier in the competition. The refrain was the same. "There's no way we should have lost that game."
The man already owns half the batting records in the game. Surely it is not that which keeps him going. He will not tell you what does, but it is easy enough to read between the lines.
After all, Tendulkar is the most visible face of a generation whose interest in cricket peaked after an unheralded side led by Kapil Dev pulled off one of the greatest upsets in the annals of sport by beating the West Indies to lift the 1983 World Cup.
"I don't want to put too much pressure on myself thinking about the next World Cup," he says. "It would be a dream come true if we can pull it off, but there are plenty of steps on the ladder and we can't get carried away by emotion."
For the moment, there's an IPL to win, a Twenty20 reputation to be made. Last year's misadventure in South Africa cut deep.
In the first season, Tendulkar missed seven games, and his return coincided with a resurgence that took Mumbai to within a whisker of a semi-final place.
But for a no-ball meltdown from Dilhara Fernando in Jaipur, the costliest franchise in the competition would have sneaked a last-four berth and home advantage for the final stages.
In South Africa, the story went very differently. The Mumbai Indians started well, but then unravelled slowly as the season wore on. As in the opening season, they made a habit of losing close games.
If you went by numbers alone, Tendulkar did not have a poor season, aggregating 364 runs in 13 games at a strike-rate of 120.13. Of his teammates, only JP Duminy scored more (372 runs), but at no stage did Tendulkar produce the sort of defining innings or scoring streak that a Matthew Hayden or Adam Gilchrist did.
He already has 314 runs from just seven games this season.
Yet, the most telling statistic is another one. He has hit just one six in the entire competition, while stroking the ball to the rope 45 times.
Without overhauling the game that has brought him such stunning success in Test cricket and the 50-over format, Tendulkar has adapted to the version that he appeared least suited for.
In The Future of Cricket: The Rise of Twenty20, which was published last year, John Buchanan, the former Australia and Kolkata Knight Riders coach, wrote of how many of the stalwarts of the older generation were unsuited for new-age cricket. "Tendulkar has been lauded, and rightly so, as one of the very top batsmen in the history of cricket," he wrote. "But is he an effective T20 player at this stage of his career?
"In the position he plays - as an opener or No 3 - the T20 game requires not only the finesse and skills he has, but also the power and domination, an ability to take the bowlers on while being creative. You have to be inventive and fearless. And I don't see those qualities as part of Sachin's make-up at this stage of his career. Sachin Tendulkar is still a great player but not in this arena of T20."
As with so much else written about the man - remember the "Endulkar" headlines in 2006? - those words seem foolish now.
It wasn't without reason Bob Dylan asked "writers and critics who prophesise with your pen" to keep their eyes wide.
Such has been Tendulkar's ability to adapt to situations over the past two decades that even a half-hour snooze could result in a missed masterpiece.
Dileep Premachandran is associate editor at Cricinfo and Asian cricket correspondent of The Guardian
@Email:sports@thenational.ae
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Transmission: Single-speed automatic
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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.”
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
The five types of long-term residential visas
Obed Suhail of ServiceMarket, an online home services marketplace, outlines the five types of long-term residential visas:
Investors:
A 10-year residency visa can be obtained by investors who invest Dh10 million, out of which 60 per cent should not be in real estate. It can be a public investment through a deposit or in a business. Those who invest Dh5 million or more in property are eligible for a five-year residency visa. The invested amount should be completely owned by the investors, not loaned, and retained for at least three years.
Entrepreneurs:
A five-year multiple entry visa is available to entrepreneurs with a previous project worth Dh0.5m or those with the approval of an accredited business incubator in the UAE.
Specialists
Expats with specialised talents, including doctors, specialists, scientists, inventors, and creative individuals working in the field of culture and art are eligible for a 10-year visa, given that they have a valid employment contract in one of these fields in the country.
Outstanding students:
A five-year visa will be granted to outstanding students who have a grade of 95 per cent or higher in a secondary school, or those who graduate with a GPA of 3.75 from a university.
Retirees:
Expats who are at least 55 years old can obtain a five-year retirement visa if they invest Dh2m in property, have savings of Dh1m or more, or have a monthly income of at least Dh20,000.
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait
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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.
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North Pole stats
Distance covered: 160km
Temperature: -40°C
Weight of equipment: 45kg
Altitude (metres above sea level): 0
Terrain: Ice rock
South Pole stats
Distance covered: 130km
Temperature: -50°C
Weight of equipment: 50kg
Altitude (metres above sea level): 3,300
Terrain: Flat ice
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley