The best way to make advice stick? Nag incessantly



One of the perks of being a parent is that you get to offer advice to your children. One of the problems of being a parent is that you forget how little advice you took from your own parents. This inherent paradox is being played out in countless living rooms and dens in this, one of the peak seasons for parenting advice.

In many parts of the world, students are applying to go to colleges abroad. The prospect of losing their children to the world produces a great deal of anxiety amongst parents. This is certainly true of me. To paraphrase Jack Nicholson, my children make me want to be a better human being. Even better, they lull me into thinking that I am one.

When I nag my children to study hard, stay focused and stop fooling around with the iPad, I can almost believe that I did not indulge in any distractions at their age. Children are great that way. Give them an old-fashioned scolding and you are guaranteed to feel good.

My time is running out though. In a few weeks, my kids will be in the full throes of summer holidays. They will be swimming, cycling and practically teleporting themselves to friends’ homes. I, meanwhile, will chase after them with important life lessons running on auto-loop. Seize the day, I scream. Opportunities are abundant, I extort. Don’t miss the wood for the trees. None of these pithy dictums are particularly relevant, but they make me feel useful.

The self-help section of any library is full of books by people who have figured things out. Why they call it self-help when it is usually other people trying to help you is beyond me. Shouldn’t self-help books be written by the self? A diary or a journal in other words? Instead, we have websites like Lifehacker and 99U devoted entirely to self-improvement. Recently, I read a book called, What I wish I knew when I was 20, written by Tina Seelig, a Stanford University professor. In it, the author lists out insights that would benefit any 20-year-old. Things like “don’t burn your bridges,” and “ask the right questions.” The only problem is that such insights have to be realised after painful failure in order for them to stick.

How do you give advice to your children, and how do you make it stick? It is a dilemma that has been faced by generations of parents, made somehow more poignant by memories of childhoods past; or rather the realisation that you don’t have memories of parental advice given in childhoods past. Except those all-inclusive ones like “Eat your vegetables,” and “Dot your i’s and cross your t’s.” Beyond that, it is probably one happy blur, both for you and for me.

My method of making advice stick is to nag – to keep repeating the same phrase over and over again. This has a rather unfortunate side effect. They stop hearing me after a while. However there is one method that works: self-flagellation. When they see me fail and fall down, my children learn the lessons inherent in that failure. It is like me getting the halo effect when I chastise them.

Last week, I discovered a tear in my coat just as I was rushing out to an important meeting. As I ran around the house, muttering and stitching the tear with a needle and thread, as best as I could, my two daughters who were silently witnessing the scene chorused the girl scout motto that I had been trying to drill into them all summer: “Ma, don’t you know: be prepared.”

Shoba Narayan is the author of Return to India: a memoir

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The Bio

Favourite place in UAE: Al Rams pearling village

What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft

Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans

Best time to swim in the sea: When there is enough light to see beneath the surface

If you go:

 

Getting there:

Flying to Guyana requires first reaching New York with either Emirates or Etihad, then connecting with JetBlue or Caribbean Air at JFK airport. Prices start from around Dh7,000.

 

Getting around:

Wildlife Worldwide offers a range of Guyana itineraries, such as its small group tour, the 15-day ‘Ultimate Guyana Nature Experience’ which features Georgetown, the Iwokrama Rainforest (one of the world’s four remaining pristine tropical rainforests left in the world), the Amerindian village of Surama and the Rupununi Savannah, known for its giant anteaters and river otters; wildlifeworldwide.com

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

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FIGHT CARD

Bantamweight Hamza Bougamza (MAR) v Jalal Al Daaja (JOR)

Catchweight 67kg Mohamed El Mesbahi (MAR) v Fouad Mesdari (ALG)

Lighweight Abdullah Mohammed Ali (UAE) v Abdelhak Amhidra (MAR)

Catchweight 73kg Mostafa Ibrahim Radi (PAL) v Yazid Chouchane (ALG)

Middleweight Yousri Belgaroui (TUN) v Badreddine Diani (MAR)

Catchweight 78kg Rashed Dawood (UAE) v Adnan Bushashy (ALG)

Middleweight Sallaheddine Dekhissi (MAR) v Abdel Emam (EGY)

Catchweight 65kg Rachid Hazoume (MAR) v Yanis Ghemmouri (ALG)

Lighweight Mohammed Yahya (UAE) v Azouz Anwar (EGY)

Catchweight 79kg Omar Hussein (PAL) v Souhil Tahiri (ALG)

Middleweight Tarek Suleiman (SYR) v Laid Zerhouni (ALG)

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.”

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million