Arnaud Palu is the head of the leisure division of Majid Al Futtaim Group, which runs, among other things, Ski Dubai and the recently launched Playnation at Mirdif City Centre
Don't take yourself too seriously and be creative in everything you do. For me, having a career that is centred around having fun makes me feel incredibly fortunate and is the philosophy behind everything I do. Everyone has a child inside them.
Hierarchy is not what matters. Taking care of the people below you is what is important. I was an instructor in the French marines before I worked for Disney. It taught me a lot about people and management. There was one incident in which some of the sergeants had been bullying the new recruits. Our captain told us: "You can ask anything from the men under you as long as you explain why."
Never forget that your actions impact the people around you. Our days are made up of who we interact with, whether it is through the internet, by phone or face-to-face. Everything we say or do influences others so we need to build and nurture these relationships, as these are the people who are going to influence the course of our business and personal lives in the days, months and years to come. We should encourage our children, whether at school or at play, to enjoy the company of their peers - they have so much to offer. Start your day by brightening someone else's.
Mens sana in corpore sano. A healthy mind in a healthy body: I live by this Latin mantra, as physical fitness is incredibly important for all ages. This is something fundamental we should be promoting through leisure attractions across the board. Whether it's getting an adrenaline rush from indoor skydiving, hitting the ski slopes or even going for a run, an active body is an active mind. Doing a little bit every day creates a positive attitude that helps us to counter life's challenges with a clear head.
Remember the people before us. We must never forget where we came from and acknowledge the people who made us who we are. My late grandfather, a World War One veteran, is a source of inspiration to me; he was part of a generation in France that truly sacrificed everything. That war was such a scarring time for our country, but even after the injuries and mental trauma he suffered, he never once complained or let it stop him moving on with his life. The difference he made to my outlook constantly compels me to do the best I can.
Don't get fined
The UAE FTA requires following to be kept:
- Records of all supplies and imports of goods and services
- All tax invoices and tax credit notes
- Alternative documents related to receiving goods or services
- All tax invoices and tax credit notes
- Alternative documents issued
- Records of goods and services that have been disposed of or used for matters not related to business
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The struggle is on for active managers
David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.
The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.
Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.
Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.
Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.
At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn.
Results
4pm: Maiden (Dirt) Dh165,000 1,600m
Winner: Moshaher, Pat Dobbs (jockey), Doug Watson (trainer).
4.35pm: Handicap (D) Dh165,000 2,200m
Winner: Heraldic, Richard Mullen, Satish Seemar.
5.10pm: Maiden (Turf) Dh165,000 1,600m
Winner: Rua Augusta, Harry Bentley, Ahmad bin Harmash.
5.45pm: Handicap (D) Dh190,000 1,200m
Winner: Private’s Cove, Mickael Barzalona, Sandeep Jadhav.
6.20pm: Handicap (T) Dh190,000 1,600m
Winner: Azmaam, Jim Crowley, Musabah Al Muhairi.
6.55pm: Handicap (D) Dh190,000 1,400m
Winner: Bochart, Richard Mullen, Satish Seemar.
7.30pm: Handicap (T) Dh190,000 2,000m
Winner: Rio Tigre, Mickael Barzalona, Sandeep Jadhav.