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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPAUL TUDOR JONES: Babies Are The Biggest 'Killer' Of Women's Trading Success
Last month, legendary hedge fund trader Paul Tudor Jones made some controversial comments about why there are so few female traders at the University of Virginia symposium on a panel with Julian Robertson and John Griffin.
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"You will never see as many great women investors or traders as men. Period. End of story. And the reason why is not because they're not capable. They're very capable. Like, one of my No. 1 rules as an investor is as soon as my manager, if I find out that manager is going through divorce, redeem immediately. Because the emotional distraction that comes from divorce is so overwhelming. The idea that you could think straight for 60 seconds and be able to make a rational decision is impossible, particularly when there are kids involved. You can automatically subtract 10 to 20% from any manager if he is going through divorce.
"Women, when you think about why is it that I'm here today. I'm here today because as a child I played every game in the world I played poker, backgammon, bridge, Monopoly ... Chinese checkers, solitaire. I played every game that you could imagine and that's all I did as a child. By the time I was 21, I had a PhD in probalistic theory because I loved games. It's what I did ... So I got my 10,000 reps.
"So now, let's take the typical female that enters the workforce. In my 20s, then I was exposed to the pits and I had this incredible ... I was getting all this information because I was there at ground zero during one of the most explosive times in history of the futures markets. And it was fantastic. So my most formative ages, which were 21 to 30, I was there again now 10,000 reps became 20 or 30,000 reps. Take a girl that was my age at that point in time, particularly back in the '70s. I can think of two that actually started E.F. Hutton with me. Within four years, by 1980, right when I was getting ready to launch my company they both got married. Then they both had which in my mind is as big of a killer as divorce is they both had children. And as soon as that baby's lips touched that girl's bosom, forget it. Every single investment idea, every desire to understand what's going to make this go up or go down is going to be overwhelmed by the most beautiful experience which a man will never share about a mode of connection between that mother and that baby. I just see it happen over and over. I'm talking about trading, not managing ..."
Read more: http://www.businessinsider.com/tudor-jones-babies-killer-to-trading-2013-5
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PAUL TUDOR JONES: Babies Are The Biggest 'Killer' Of Women's Trading Success (Original Post)
FarCenter
May 2013
OP
CBGLuthier
(12,723 posts)1. because making money like a fool is all that matters in life
What an arrogant sad pathetic excuse for a human being.