Style File: Dominic De Vetta

Some would say that Dominic De Vetta has a job that was made for him; he's a very British man representing a very British brand. As global general manager of Jo Malone, he enjoys the excitement of heading a company that sends most women into a reverie of cream boxes with black edging and original fresh scents. After graduating from Oxford University, where he studied English and French literature, he spent 20 years in the luxury lifestyle sector, including senior roles at Chanel in the US and the UK. He joined Jo Malone in 2008 as he was a fan of home-grown unique British craftsmanship. "We truly believe that buying fragrance should be precious and special," says De Vetta. "Our fragrances are bespoke, because you can customise them by combining and layering two or three scents together, to create your own signature perfume that's uniquely yours." Jo Malone bath, body and home products are sold around the world, including in two shops in the UAE. Based in London, De Vetta lives with his Yorkie-poo puppy (a cross between a Yorkshire Terrier and a poodle) named Teddy but travels widely. He talks to Jemma Nicholls about his sense of style and favourite things.

DOMINIC'S WORLD

MY CAREER HIGHLIGHT IS... when I took the call from Jo Malone asking me to take over from Jo who was retiring. I was living in New York at the time, enjoying my job with Chanel but I was a huge fan of the Jo Malone brand and I was convinced it could be the next best luxury company. MY LIFE MOTTO IS... joy is a choice so seize every moment. THE BEST PIECE OF ADVICE I HAVE EVER BEEN GIVEN IS... kindness is one of the most underrated virtues. My grandmother told me this when I was 15 years old and I didn't think anything of it. As the years go by I think it is the truest thing I've ever heard. MY GUILTIEST PLEASURE IS... a good cup of coffee or macaroni and cheese. SIX WORDS TO DESCRIBE ME ARE... loyal, kind, creative, steady, good friend.

Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now

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.

Student Of The Year 2

Director: Punit Malhotra

Stars: Tiger Shroff, Tara Sutaria, Ananya Pandey, Aditya Seal

1.5 stars

If you go

Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.

Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5