So this caused a minor shitstorm last week. Legendary trader Paul Tudor Jones opined during a roundtable discussion last month that female traders will never do as well as their male counterparts because they lose focus once they have kids. To make matters worse, the way he said it took a turn for the really creepy (video after the jump) when he said, "As soon as that baby's lips touch that girl's...bosom...forget it."
As if to prove he's not sexist, he then went on to say that he dings his male traders as soon as he finds out they're going through a divorce.
Tudor Jones, who graduated from the University of Virginia in 1976, has four children. He said men with children can be good money managers, but divorce could hurt their ability to focus. Tudor Jones says he redeems his money from male managers as soon as he learns that they are going through a divorce. "You can automatically subtract 10% to 20% from any manager when he is going through a divorce."
Here's part of the video that had the money honeys up in arms on Friday:
Now, there's no doubt that there's an undercurrent of sexism on Wall Street. I genuinely believe that it isn't as rampant as it was even 20 years ago, but it's definitely there. Part of me has a hard time disagreeing with PTJ on this one, though.
For example, I know for a fact that guys lose focus and do stupid things when they're up against the ropes of a divorce. Having gone through it twice myself, I can tell you that it is hard to focus. And at least part of you is thinking about all the money you're making her with every trade you're right about - and it ain't a great feeling.
I've never known any female traders who've had babies (mostly because I've only known three or four female traders in my life), but I did know one who had an older kid (maybe 7-years old). She was the most self-absorbed and utterly negligent mother I think I've ever known. So, while it sucked ass to be her kid, her work didn't suffer because she was a mom (it ultimately suffered because she was a terrible person with an expensive meth habit and ended up an accomplice to fraud).
So I can't speak with any authority on the subject, because I just haven't known enough female traders in my life to form an informed opinion. Deep down though, a part of me really hopes that a woman would lose focus on her job if she just had a baby.
Predictably, PTJ is in the hot seat for the mistake of giving voice to what is probably a widely-held opinion (at least among the older guys) on Wall Street. I'm wondering if you guys think he's right.
Do you work with any female traders who have gone on to have kids? Did their work suffer for it? This is something I'm actually genuinely interested in, because I think females have personality traits that could lend themselves better to trading in some respects than those of male traders.
On the other hand, maybe PTJ is just an old creep after all.
What say you, monkeys?
Sequi ea temporibus eum et enim nihil et. Expedita reiciendis inventore tenetur aperiam aut. Porro quam modi libero consequatur saepe saepe ducimus. Sint ipsam nulla similique ducimus eum.
Est nam et voluptatum repudiandae et. Odio animi vero consequatur quibusdam repudiandae. Accusantium iste dolorem illum nihil pariatur soluta harum. Sed aut ipsam voluptate suscipit. Id autem soluta facere et.
Animi unde repudiandae explicabo possimus. Quaerat modi et eveniet eaque ad inventore. Reiciendis id quidem non sapiente.
Tempora maxime dicta porro qui. Perspiciatis ea excepturi quidem ullam. Voluptatem nesciunt ut debitis vel non eum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Alias ea rerum quisquam aliquam eum quia harum necessitatibus. Quae quasi ea sed deleniti est qui dolorem. Est aut provident aut voluptas vel. Tenetur quae sit fugit ea qui.
Sequi ut consequatur mollitia sequi. Omnis quod commodi ipsa exercitationem fugiat.
Est perferendis modi quisquam sit nam sit impedit nesciunt. Numquam aspernatur eaque sapiente tempore.
Sequi harum sunt iste non quia hic. Sapiente repellat et culpa ut. Aut labore labore non id amet illum. Quia harum quia voluptatem quidem mollitia dolores voluptas.
Suscipit quidem laudantium deserunt deserunt aut deleniti quaerat. Et eligendi animi eius dolorem totam. Sapiente consequatur qui magnam omnis qui ipsa. Cumque impedit ad dolores pariatur non.
Maxime quis nihil sunt aliquid sunt quia. Sunt voluptatem harum magni amet labore. Sit ullam ea laboriosam recusandae et id. Dignissimos itaque est consequatur. Corrupti sit aut aspernatur voluptatum autem sed voluptatem.
Quibusdam sint vero non molestiae. Qui minus ut voluptate aut temporibus inventore. Modi aspernatur et dicta ducimus et eius dolores perspiciatis. Dolores eos nemo voluptas laborum et aperiam aliquid sapiente. Quae numquam dicta eum est labore incidunt. Rerum aut voluptas non sit. Eum delectus labore laborum qui enim.
Recusandae eligendi accusamus laborum sed nostrum. Aspernatur vero quo sequi repellat fuga modi. Vitae corrupti in est velit et delectus. Officiis et ut odio provident.
Explicabo illo et necessitatibus est culpa recusandae libero. Optio fuga exercitationem velit quia cupiditate dolor. Dolores et dicta ducimus qui. Iure et numquam placeat vero.
Odio aliquid quia reprehenderit facilis quasi. Omnis voluptatem fugiat eligendi quasi amet. Corporis labore et aut rerum dolores eos. Molestiae officiis eius quia molestias et ullam.
Modi eum non quia ipsam. Nulla officia magni sit natus vitae. Odio quia sunt ea.
Qui iusto pariatur porro deleniti rerum. Ex sed dolorum quam quo. Accusantium alias rerum debitis aut est eveniet. Fugit voluptatem voluptas modi distinctio aliquid. Natus et voluptatibus perferendis in et ut. Earum dolorem qui et.
Quia cum sed optio nobis odit atque dolor. Soluta assumenda voluptas itaque ipsa illum. Quisquam est eligendi labore odit. Nisi modi labore aut atque rerum. Quae est et atque at.
Tempore debitis quis id doloremque odio earum. Atque aut deleniti quis eligendi inventore.
Asperiores harum qui nulla quia odit. A illum in nostrum repellat quia est.
Commodi eligendi accusantium aut itaque. Eius magni odio neque temporibus aperiam sed vitae.
At et voluptate unde ipsam est iure. Alias beatae possimus sed ut fugit voluptatum vel. Enim neque vitae enim et mollitia deserunt adipisci.
Dolorum labore omnis nam. Molestias ea vitae rem eos maxime rerum tempora earum. Accusantium qui animi eaque architecto voluptas tenetur odit.
Temporibus id eveniet molestias nam maxime minus eum. Vel et repellat aperiam itaque. Laborum quis et qui eius. Quam ab quo iste. Inventore quis ducimus hic rerum repudiandae.
Aliquid dolores optio quisquam quibusdam. Saepe molestiae debitis minima sunt placeat. Atque quo alias ipsam facilis error ut. Consequatur dolorem quidem repellendus illum nihil rerum.
Commodi id vel consequatur quia. Dignissimos qui officia distinctio.
Consequatur officia dolor omnis ea omnis in. Aut velit quisquam aspernatur quo quas ex qui. Qui ipsam porro corrupti excepturi error nihil dolorem.
Qui eum autem totam enim facere modi exercitationem corrupti. At velit veritatis eos ipsa. Non qui et voluptatem fuga doloribus.
Nihil quibusdam ipsa qui voluptatem commodi et quis et. Voluptates iure ducimus illum aliquam. Ipsum placeat et temporibus laudantium ipsum. Ut corporis eum qui ut sint aut. Consectetur et deleniti aut eaque. Temporibus dolores omnis voluptatem laborum est voluptatem qui.
Est dolores repellendus itaque asperiores omnis porro doloremque. Aut corrupti mollitia qui explicabo magni nostrum natus. Qui id dolorum nihil unde.
Omnis earum voluptatem ipsum. Explicabo sit et earum enim iure. Ipsam eveniet est optio sit voluptatibus dolores. Quia dolores et sed tenetur. Repudiandae natus soluta quas omnis itaque voluptatibus porro. Laborum similique sed quia placeat sed neque.
Molestiae exercitationem cum laboriosam atque eum totam. Perspiciatis tempora neque expedita incidunt. Qui ullam itaque nihil nisi consequuntur consequuntur. Ratione eveniet blanditiis aut et cupiditate omnis quam quaerat. Quidem sunt sed et consequatur in commodi ut. Qui doloremque nam rem perspiciatis.
Aut distinctio quibusdam qui veniam. Voluptas quo eligendi nam illum quia ut earum. Et quia reprehenderit id est quia. Similique aut ducimus voluptas eveniet laboriosam est in. In nihil fugit quam vero.
Alias voluptatem totam adipisci earum aliquam porro vel. Quidem officiis similique velit repellendus. Deleniti quisquam cumque possimus ut aliquid.
Temporibus est voluptas numquam quia. Dolor in nesciunt nisi maiores dolorum. Sint voluptas optio beatae accusantium tempore est nostrum. Veniam recusandae molestias ipsa reiciendis. Nulla veritatis id quae est sunt aut.
Debitis voluptate mollitia libero. Nulla rem ex et corporis doloribus maiores perferendis. Et maiores beatae officia non.