Can women with babies be good traders?
Paul Tudor Jones argued that women are more emotional, and more likely to be 'overwhelmed' by the experience of having a child.
Tudor Investment Corporation's Paul Tudor Jones found himself in the middle of a firestorm of his own making on Thursday -- when the Washington Post published a video of a speech he gave last month.
During that speech, the hedge fund billionaire told the audience that there are not as many great women investors or traders as men. He went on to explain the effect divorce has on managers. "You can automatically subtract 10% to 20% from any manager if he is going through divorce," he said.
Jones then described two women who started at E.F. Hutton with him. The women 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.
Essentially, he's arguing that women are more emotional, and more likely to be "overwhelmed" by the experience of having a child. That, he thinks, stunts their trading performance. (In a statement on Friday, Jones downplayed his references to motherhood and said "any man or woman can do anything to which they set their heart and mind.")
It's possible to believe in the uniqueness of the bond between a mother and her children, and absolutely reject Jones' contention that babies are a "killer" to women traders' performance for obvious reasons.
And -- beyond the blatant distastefulness of such stereotyping -- research into the physiological reactions of men and women to stress suggests that, if anything, Jones should want more, rather than fewer, women on trading floors.
To read the full post, go to Quartz.
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I'm not going to try and defend what this guy said BUT, trading requires complete control during the trading process ANYONE in a stressful state will not trade well. Trading requires discipline and discipline requires control of your mental state. The stress of a unsuccessful marriage, having a sick child, parent or love one or having a new born in the house will take you off your "A" game. I am a trader and I know this to be true.
This guy was a complete dumbazz or hasn't lived long enough...?
Even myself as an old curmudgeon, isn't that stupid.....GET OFF MY LAWN !!
Rich, elite or otherwise, maybe a nice guy; Hardly now....imo.
This isn't over "until the fat lady sings" AND then jumps on his moldy azz, squashing him like a bug.
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