Bad news will never go away, but if you remain an optimist, you’ll get to your destination. Getty
Bad news will never go away, but if you remain an optimist, you’ll get to your destination. Getty
Bad news will never go away, but if you remain an optimist, you’ll get to your destination. Getty
Bad news will never go away, but if you remain an optimist, you’ll get to your destination. Getty


Happiness and wealth: why you can't have one without the other


  • English
  • Arabic

March 31, 2023

I recently returned from a trip to Mount Kilimanjaro, Tanzania, with my 12-year-old son.

It was designed to make memories in the precious little time before he starts boarding school, but things rapidly went wrong.

Altitude sickness forced us down early, so we decided to rethink and spend the rest of the week on safari.

The initial plan evolved quickly to become one of the most fun experiences of our lives.

Sam Instone and his 12-year-old son during their recent safari holiday in Tanzania. Photo: Sam Instone
Sam Instone and his 12-year-old son during their recent safari holiday in Tanzania. Photo: Sam Instone

Happiness and prosperity are central to conversations I have with clients.

What was the happiest day of your life?

The documentary How to Live Forever asks that question to a centenarian who gave a fantastic response.

“Armistice Day,” she said, referring to the 1918 agreement that ended World War I.

“Why?” the producer asks. “Because we knew there would be no more wars ever again,” she says.

World War II began 21 years later.

One of the most dangerous mental traps is the “appealing fiction”.

An appealing fiction is something you want to be true, and which is backed up by data, observation or reasonable common sense.

But that data only goes one level deep on a topic with many layers of complexity.

In other words, it’s something that’s false or uncertain but you want it to be true so desperately that you believe it as fact.

Appealing fictions happen when you don’t apply wisdom to intelligence.

You are intelligent and can calculate answers, but you stop considering other possibilities and draw conclusions as soon as you hit something you want to be true.

Let’s look at the infamous marketing blunder of “New Coke” from 1985 as an example.

In testing and focus groups, the new Coke formula was a hit. People said it tasted better. They liked it better than both “old Coke” and even Pepsi. Great result!

But the data only went one level deep. More was brewing beneath the surface, about to explode.

The new recipe failed spectacularly because of the complexity surrounding the power of a familiar brand.

Quality, or tasting better, didn’t matter to anyone. People wanted their familiar drink back.

Cue rejection en masse, which was baffling to Coke marketers who had the data to prove it tasted better.

But that quick conclusion was an appealing fiction.

I often think about this trap with long-term optimism — blindly believing things will be better in the future than they are today.

This can be dangerous — potentially an appealing fiction — because it’s easy to accept without asking further questions.

I consider myself an optimist. I want our clients to feel optimistic.

I know things will generally get better over time, even if the path to get there is full of setbacks, chaos, surprises and disappointment.

The possibility of things getting better will be driven by two elements.

The first is the power of human ingenuity. Most good things happened because of a reaction to a bad thing (like my safari). I know there will be problems that push people into fixing them. Evolution doesn’t teach by showing you what works, but by destroying what doesn’t.

The Great Depression, for example, led to a significant increase in productivity, while World War II gave rise to an astonishing array of technological advancements, ranging from nuclear energy to jets and penicillin.

Things will generally get better over time, even if the path to get there is full of setbacks, chaos, surprises and disappointment
Sam Instone,
co-chief executive of AES

Essayist and statistician Nassim Taleb says: “The excess energy released from overreaction to setbacks is what innovates!”

The biggest innovations don’t occur when everyone is content. Rather, they happen when individuals are under significant stress, prompting them to take action and engage in creative problem-solving.

The second element is the constant human desire to one-up past successes. If you want to qualify for the Boston Marathon today, you need a time that, a century ago, would put you within nine minutes of a world record.

Today, a first-year medical student probably has more medical knowledge than an experienced senior doctor did 50 years ago.

My son knows things about technology that a computer science professor 30 years ago would find bewildering.

Innovation and advancement usually compound.

Charlie Munger, the billionaire investor and vice chairman of Berkshire Hathaway, says: “The world is not driven by greed; it’s driven by envy.”

You see someone accomplish a new feat and think: “I should be able to do that, too — and even better.”

There is always something to be pessimistic about. Maybe it’s a bank collapsing, erratic inflation, or short-term market volatility.

But they will never go away. If you stay in your seat and remain an optimist, you’ll get to your destination.

Sam Instone is co-chief executive of wealth management company AES

UAE currency: the story behind the money in your pockets
How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ENadeera%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ERabih%20El%20Chaar%20and%20Reem%20Khattar%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ECleanTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20About%20%241%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EHope%20Ventures%2C%20Rasameel%20Investments%20and%20support%20from%20accelerator%20programmes%20%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3C%2Fp%3E%0A

Shubh Mangal Saavdhan
Directed by: RS Prasanna
Starring: Ayushmann Khurrana, Bhumi Pednekar

Tips to stay safe during hot weather
  • Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
  • Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
  • Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
  • Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
  • Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
  • Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
  • Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
Brief scores:

Juventus 3

Dybala 6', Bonucci 17', Ronaldo 63'

Frosinone 0

What are the GCSE grade equivalents?
 
  • Grade 9 = above an A*
  • Grade 8 = between grades A* and A
  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
  • Grade 3 = between grades D and E
  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G
While you're here
BUNDESLIGA FIXTURES

Friday (UAE kick-off times)

Borussia Dortmund v Paderborn (11.30pm)

Saturday 

Bayer Leverkusen v SC Freiburg (6.30pm)

Werder Bremen v Schalke (6.30pm)

Union Berlin v Borussia Monchengladbach (6.30pm)

Eintracht Frankfurt v Wolfsburg (6.30pm)

Fortuna Dusseldof v  Bayern Munich (6.30pm)

RB Leipzig v Cologne (9.30pm)

Sunday

Augsburg v Hertha Berlin (6.30pm)

Hoffenheim v Mainz (9pm)

 

 

 

 

 

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

ICC Awards for 2021

MEN

Cricketer of the Year – Shaheen Afridi (Pakistan)

T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)

ODI Cricketer of the Year – Babar Azam (Pakistan)

Test Cricketer of the Year – Joe Root (England)

WOMEN

Cricketer of the Year – Smriti Mandhana (India)

ODI Cricketer of the Year – Lizelle Lee (South Africa)

T20 Cricketer of the Year – Tammy Beaumont (England)

Married Malala

Malala Yousafzai is enjoying married life, her father said.

The 24-year-old married Pakistan cricket executive Asser Malik last year in a small ceremony in the UK.

Ziauddin Yousafzai told The National his daughter was ‘very happy’ with her husband.

Teams

Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq

Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi

Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag

Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC

Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC

Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan

Venue Sharjah Cricket Stadium

Format 10 overs per side, matches last for 90 minutes

Timeline October 25: Around 120 players to be entered into a draft, to be held in Dubai; December 21: Matches start; December 24: Finals

UK-EU trade at a glance

EU fishing vessels guaranteed access to UK waters for 12 years

Co-operation on security initiatives and procurement of defence products

Youth experience scheme to work, study or volunteer in UK and EU countries

Smoother border management with use of e-gates

Cutting red tape on import and export of food

AndhaDhun

Director: Sriram Raghavan

Producer: Matchbox Pictures, Viacom18

Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan

Rating: 3.5/5

UAE currency: the story behind the money in your pockets
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

THE CLOWN OF GAZA

Director: Abdulrahman Sabbah 

Starring: Alaa Meqdad

Rating: 4/5

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Letswork%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EOmar%20Almheiri%2C%20Hamza%20Khan%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20co-working%20spaces%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%242.1%20million%20in%20a%20seed%20round%20with%20investors%20including%20500%20Global%2C%20The%20Space%2C%20DTEC%20Ventures%20and%20other%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20about%2020%3C%2Fp%3E%0A
The specs: 2018 Maxus T60

Price, base / as tested: Dh48,000

Engine: 2.4-litre four-cylinder

Power: 136hp @ 1,600rpm

Torque: 360Nm @ 1,600 rpm

Transmission: Five-speed manual

Fuel consumption, combined: 9.1L / 100km

'Cheb%20Khaled'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EKhaled%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EBelieve%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
PSG's line up

GK: Alphonse Areola (youth academy)

Defence - RB: Dani Alves (free transfer); CB: Marquinhos (€31.4 million); CB: Thiago Silva (€42m); LB: Layvin Kurzawa (€23m)

Midfield - Angel di Maria (€47m); Adrien Rabiot (youth academy); Marco Verratti (€12m)

Forwards - Neymar (€222m); Edinson Cavani (€63m); Kylian Mbappe (initial: loan; to buy: €180m)

Total cost: €440.4m (€620.4m if Mbappe makes permanent move)

Updated: November 13, 2024, 1:13 PM`