The trickiest part of settling this year’s NBA MVP debate may simply be choosing how one wishes to define “valuable”.
There are three leading contenders for basketball’s top individual honour this season, and each case seems to rely around some individually nuanced interpretation of value.
Stephen Curry, the Golden State Warriors point guard, is the best player on the best team, not infrequently a standard used to settle “most valuable”. He’s also a fan favourite, an emerging face for the league’s marketing arm and a wonderfully balletic performer who could credibly be labelled uniquely skilled in today’s game.
For these reasons, Curry is most likely to win. But should he really?
There are, of course, the other competing interpretations of “most valuable”. There is an argument in the cold, hard math of the game’s rising statistician class, which, as it happens, this year favours the Houston Rockets’ James Harden.
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There is also an argument that the award should be given to the “best player”, that is, the one who exhibits night-to-night dominance, provides the most singularly transcendent performances and could in short be defined as the most individually talented player, which this season has been Russell Westbrook of the Oklahoma City Thunder.
LeBron James, a kind of nebulous combination of all three interpretations, seems to lack any widespread support this season, but he definitely shouldn’t be dismissed as easily as it seems he has been.
In any case, those are the lines of thought swirling around the MVP debate this year, a debate that, while maybe not necessarily more contentious than in the past, does seem more lively thanks to the power of social media and the subsequent proliferation of voices in the debate. That, at least, is a good and fun thing for basketball.
But, again, how to settle it?
“Valuable” as a concept should be measureable, and having the “most” of it should outweight stylistic preference or isolated excellence.
The resistance to Harden’s case has largely arisen from those impulses. That the beauty (and certainly undeniable quality) of Curry’s game or the ferociousness and passion of Westbrook’s should be the tiebreaker in a close statistical contest.
But it’s a contest that, while incredibly close, should be clearly cut.
By many, if not nearly all, of the measurements that attempt to discern all-around “value”, from ESPN’s WAR to BasketballReference’s win shares, Harden is the best in the game this year.
But maybe you don’t trust advanced metrics so much yet. Fine, Harden has the most points in basketball this year, with over 250 more than second-placed Curry. He trails Curry in assists, on a team much less-equipped to convert them, by only 62.
Moreover Harden has played the second-most minutes, over 300 more than Curry. Surely, if one accepts Harden has been at least nearly as excellent as Curry this season, contributing his excellence for the equivalent of six-plus more full games counts for something?
Harden has finally played half-decent defence for the first time in his career to lead a team that, without him, might not even be in the Western Conference play-offs at all, let alone fighting for the second seed.
Subtract any other player from the Rockets, and Houston still outscore their opponents by points per 100 possessions. Subtract Harden, and they get outscored by 3.6 points per 100, a rate that would line up just ahead of the Denver Nuggets for eighth-worst in the league.
Curry’s numbers might be hampered in being surrounded by enough talent that he doesn’t have to carry as much weight by himself as Harden.
Westbrook’s numbers are definitely hampered by having played over 10 less games than Curry and Harden. But to what extent regarding both is virtually unknowable.
What is known is that Harden is a volume producer, and this season the volume simply adds up to a slight bit more than Curry’s elegance or Westbrook’s relentlessness. With due fairness to Curry, it’s very, very close.
But Harden, with his game cold and calculating, has the edge in the cold, calculating figures that reflect his effectiveness.
By the hard, measureable definition of “value”, James Harden simply has the most of it this year.
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Teaching your child to save
Pre-school (three - five years)
You can’t yet talk about investing or borrowing, but introduce a “classic” money bank and start putting gifts and allowances away. When the child wants a specific toy, have them save for it and help them track their progress.
Early childhood (six - eight years)
Replace the money bank with three jars labelled ‘saving’, ‘spending’ and ‘sharing’. Have the child divide their allowance into the three jars each week and explain their choices in splitting their pocket money. A guide could be 25 per cent saving, 50 per cent spending, 25 per cent for charity and gift-giving.
Middle childhood (nine - 11 years)
Open a bank savings account and help your child establish a budget and set a savings goal. Introduce the notion of ‘paying yourself first’ by putting away savings as soon as your allowance is paid.
Young teens (12 - 14 years)
Change your child’s allowance from weekly to monthly and help them pinpoint long-range goals such as a trip, so they can start longer-term saving and find new ways to increase their saving.
Teenage (15 - 18 years)
Discuss mutual expectations about university costs and identify what they can help fund and set goals. Don’t pay for everything, so they can experience the pride of contributing.
Young adulthood (19 - 22 years)
Discuss post-graduation plans and future life goals, quantify expenses such as first apartment, work wardrobe, holidays and help them continue to save towards these goals.
* JP Morgan Private Bank
How to play the stock market recovery in 2021?
If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.
Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.
Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.
Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).
Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal.
Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.
By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.
As demand for energy fell, the oil and gas industry had a tough year, too.
Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.
He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.”
This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”
Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
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.
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Killing of Qassem Suleimani
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
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%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A