Invest in Pussy. It's better than Gold.

http://bigthink.com/ideas/24423

This is an article about how women are actully better investors than men. The article does a pretty good job of saying how women are better investors, but I'm doubtful since I think most people screw up things when money is involved. But it is an intresting read. Does anyone know if there are investment firms that have more female money managers than males?

15 Comments
 

If that's true, wouldn't you expect to see more highly successful female investors? News articles and statistics can be manipulated to make a point, but the actual market doesn't lie.

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 
CaptKIf that's true, wouldn't you expect to see more highly successful female investors? News articles and statistics can be manipulated to make a point, but the actual market doesn't lie.

I think in general females are not interested in investing. Its just not a typical feminine thing to be interested in.

Anyway, I've read another article before in the WSJ about how women generate better returns than men because they are more aware of risk. Also, other articles have stated that women make better choices when switching firms and have more success when doing so because they consider factors other than higher pay when making the jump.

 
 
Best Response

Having traded both equities and commodities professionally, I can tell you that the two produce vastly different results when it comes to females.

The female equity traders I worked with were together, relatively unemotional (unless they slept with a male trader and he shared photos), had great client management skills, and were hard to ruffle. I would say that their overall results were comparable to their male counterparts.

The female commodities traders I worked with may as well have been strippers. It was not unusual to see them break down in tears, storm off the trading floor in a huff, wheedle preferential treatment out of management, lose shit tons of capital, and make a general nuisance of themselves. The couple who weren't drug addicts were emotional claymore mines with tripwires laying everywhere.

I attribute the difference to the volatility. Equities are a lot more mellow. I actually had female commodities traders come to me in tears and beg me to call their client for them and tell the client that they lost all their money in less than one trading session. They just couldn't bring themselves to make the call. And it happened A LOT.

 

^^Edmundo Says:

"I attribute the difference to the volatility. Equities are a lot more mellow."

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 
Edmundo BravermanI'm not sure I could make a generalization like that, because returns on commodities trading are almost universally bad. Guys certainly handle the losses better, though.

By the way, is your screen name Finance Therapist?

I hope so, because Finance The Rapist is just creepy.

Sean Connery SNL Jeopardy reference...if so extremely impressive

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

LOL. Yeah it's Finance Therapist.

So, then basically it doesn't matter which stragety you use in Commodities, just that you better get lucky in order to make some money?

 

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