Greg Norman falls to the ground after missing his shot for an eagle on the 1th hole during the final round of the 1996 Masters. Dave Martin / AP Photo
Greg Norman falls to the ground after missing his shot for an eagle on the 1th hole during the final round of the 1996 Masters. Dave Martin / AP Photo

Shark's claim may come back to bite him



Maybe this is why pencils in golf do not have erasers.

Latter-day attempts at revisionist history often prove embarrassing, if not professionally damaging and polarising.

Greg Norman, who has generally handled myriad career setbacks with class and decorum that few other top stars could have mustered, has been not-so-gently reminded of that notion this week.

During a lengthy piece on Australian television, the Shark claimed that during his cataclysmic Sunday splashdown at the 1996 Masters, where he blew a six-shot overnight lead to lose to Nick Faldo, he had back pain. "I tried to walk it off but I couldn't," Norman recalled. "I told my coach, 'Today's not going to be easy'."

That last part, he recalled quite correctly. The ignominious day still stands as the largest overnight lead ever blown after three rounds at a major championship.

That the long-time world No?1, who famously blew 54-hole leads at every major, waited nearly two decades to trot out this version of events instantly drew raised eyebrows, as aficionados went snarky on Sharky. All the old cutlery was back out of the drawer.

One Welsh scribe mused of Norman's closing 78: "His spine did indeed seem to fall out."

At no point in the round did Norman appear injured, other than bruises inflicted to his pride.

Legendary basketball coach John Wooden once said, "Never make excuses. Your friends don't need them and your foes won't believe them."

Especially 17 years later.

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Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
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Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

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The Freedom Artist

By Ben Okri (Head of Zeus)

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. 

UAE currency: the story behind the money in your pockets
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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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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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Rating: 2.5/5

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Fifa Club World Cup quarter-final

Esperance de Tunis 0
Al Ain 3
(Ahmed 02’, El Shahat 17’, Al Ahbabi 60’)