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By:

Kaustubh Kale

10 September 2024 at 6:07:15 pm

The Umbrella Mindset

In Mumbai, July is the month when the monsoon is no longer a possibility, but a full-blown reality. Over the last week or so, the city has seen heavy rains. One minute the rain slows down, the next - the skies open up again without warning. And yet, most of us carry an umbrella. Not because it is raining every single minute, but because we know it can start again anytime. The Umbrella Mindset We don’t wait for the first drop to go shopping for umbrellas. We keep them ready in advance, knowing...

The Umbrella Mindset

In Mumbai, July is the month when the monsoon is no longer a possibility, but a full-blown reality. Over the last week or so, the city has seen heavy rains. One minute the rain slows down, the next - the skies open up again without warning. And yet, most of us carry an umbrella. Not because it is raining every single minute, but because we know it can start again anytime. The Umbrella Mindset We don’t wait for the first drop to go shopping for umbrellas. We keep them ready in advance, knowing full well that even if this moment looks clear, the next could be a downpour. The umbrella becomes our silent weapon - a simple tool that saves us from chaos. Oddly enough, this very logic is often forgotten when it comes to our finances. Timing the Market Most investors want to “time” the market. They wait for the perfect entry point. They follow headlines, economic predictions, even astrological forecasts, hoping to invest only when the conditions are ideal. But markets, like weather, move on their own terms. They rise without notice. They fall when you least expect it. And the biggest gains often come in short, unpredictable bursts. If you miss even a few of those good days, your long-term returns could take a serious hit. Discipline beats Prediction This is why seasoned investors don’t obsess over timing. They focus on discipline. Just like carrying an umbrella during the monsoon might seem unnecessary when the rain pauses for a few hours, investing through monthly Systematic Investment Plans (SIPs) might feel boring during flat markets or downturns. But the magic lies therein. This very habit - regular, automatic, and emotion-free - helps you achieve financial goals and financial freedom. Financial Umbrella A good investor doesn’t predict the market. They prepare for it. Think of your SIPs as your financial umbrella. You may not need them to perform immediately, but when volatility hits, they shield you. When markets recover, they make sure you are already in. And just like Mumbaikars would never step out in July without checking for an umbrella, serious investors never skip their SIPs. Lumpsum Investing Importantly, besides SIPs, it is also necessary to keep doing lumpsum investments frequently, without worrying too much about markets. Just ensure your time horizon is long term, ideally 5+ years. So, the next time someone asks, “Is this the right time to invest?” - just smile and point to the umbrella in your bag. The goal isn’t to wait for the rain. It’s to be ready when it comes. Conclusion Don’t wait to invest. Invest and then wait. The best time to invest is as soon as you have the money to invest. Don’t try to time the market - your time spent in the market, meaning remaining invested, beats timing the market. The pessimist bear may sound smart, but the optimist bull creates wealth. Keep deadlines. Execute. Don’t indulge in analysis-paralysis. Scared money never wins. (The author is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

Alistair MacLean’s Arctic Dream

There are films that critics unanimously consecrate, and others that, despite critical derision, retain a strange and enduring grip upon memory. Such ambivalently received films are cherished with an almost irrational devotion by those who encounter them at the right age and the right mood. The Cold War yarn ‘Ice Station Zebra’ (1968), from the nerve-wracking novel by thriller maestro Alistair MacLean, belongs firmly to the latter category.


I watched it during adolescence when my MacLean mania was at its apogee, when many pleasurable hours spent devouring his novels and catching their film adaptations during cold weekday nights in a quieter, greener Pune that now feels almost as remote as the Arctic wastes of ‘Ice Station Zebra’ itself.


The film was one of two MacLean adaptations that regularly appeared on TNT - the other being ‘Where Eagles Dare’ (1968). Today, ‘Zebra’ is recalled (if at all) through the curious urban legend that it was billionaire magnate Howard Hughes’s favourite film, who reportedly watched obsessively during the final years of his reclusive existence.


‘Zebra’ is a tale of spies, saboteurs and vanished technology drifting somewhere beneath the Arctic night. At its centre lies a capsule containing highly classified photographic film recovered from a crashed reconnaissance satellite. The premise drew directly upon real anxieties surrounding America’s early CORONA spy satellite programme. In April 1959, a film capsule from the experimental Discoverer 2 mission drifted off course near Spitsbergen in the Arctic, provoking fears that the Soviets might recover it first.


There was once an entire cinematic ecosystem built around MacLean adaptations. His ‘adventure stories’ were full of beautiful descriptions of man pushing against nature’s extremes and leavened with wry, self-deprecating humour were massive bestsellers in his day. A typical Maclean hero was an exhausted professional navigating impossible situations with stoic precision.


His novels possessed an almost mathematical sense of suspense. In his most intense works like ‘Night Without End,’ ‘The Last Frontier’ (both 1959), ‘Fear Is the Key’ (1961), and the unputdownable ‘The Satan Bug’ (1962), the Scotsman repeatedly performed the delicious trick of keeping tension at screaming point, where temporary relief opens the door to more dangers and betrayals.


This pattern was followed in the novel ‘Ice Station Zebra’ (1963), where the rescue mission is merely the start of a deeper peril. Once the survivors boarded the USS Dolphin, the submarine became a floating chamber of deception and sabotage.


However, in the film version of ‘Zebra,’ director John Sturges jettisoned Maclean’s claustrophobic thrills (to the chagrin of many) and opted for a dramatic Cold War showdown between Russians and Americans upon the Arctic icecap itself.


Sturges was of the great American action filmmakers who languishes in semi-obscurity today. His best films - ‘Bad Day at Black Rock’ (1955), ‘The Magnificent Seven’ (1960) and ‘The Great Escape’ (1963), and even the undervalued ‘The Eagle Has Landed’ (1976) - reveal the solidity of his craftsmanship: clean visual storytelling, spatial intelligence and an instinctive understanding of tension.


Having helmed the film version of Maclean’s ‘The Satan Bug,’ Sturges clearly was the right man for ‘Zebra.’ While Rock Hudson is solidly effective as the nuclear submarine commander, the film is effortlessly stolen by Patrick McGoohan as the cryptic and devious British intelligence operative David Jones. In fact, McGoohan annexes the entire film by sheer force of his edgy personality.


McGoohan had already established himself as one of television’s defining presences through the secret agent drama ‘Danger Man’ and would soon create ‘The Prisoner,’ perhaps the most intellectually ambitious espionage series ever made. He brings that same dangerous intelligence to his role in ‘Ice Station Zebra.’


Nursing whisky-laden coffee with barely concealed contempt for everyone around him, he snarls magnificently: “I know how to wreck submarines, and I know how to lie, steal, kidnap, counterfeit, suborn and kill. That’s my job. I do it with great pride.” Elsewhere comes the gloriously cynical observation: “The Russians put our camera made by our German scientists and your film made by your German scientists into their satellite made by their German scientists.”


Ernest Borgnine plays the apparently genial Russian defector Vaslov, capable of shifting from warmth to menace within seconds, perfectly suited to MacLean’s world of compromised loyalties. Though overshadowed by ‘The Guns of Navarone’ and ‘Where Eagles Dare,’


‘Ice Station Zebra,’ blessed by a lilting Michel Legrand score, endures splendidly because it retains the narcotic assurance of cinema made by craftsmen who relied on the slow accumulation of suspense, intelligent dialogue and the tensile anxiety between characters rather than violent action, gore, profanity and sensory overload that dominate so many contemporary thrillers.

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