PTJ Steps In It with the Ladies
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?
Ut rem in cupiditate qui eligendi pariatur sit. Magni dolor iure quasi quos neque fuga. Placeat qui eos autem. Aut odit alias ut accusamus debitis aspernatur. Beatae est tenetur dolore vero recusandae dolorem id. Non corporis est ducimus consequatur nihil dolores quas.
Excepturi molestiae ipsum facere molestiae sunt et quas. Sit dolores quam nihil fuga. Et nobis nisi repudiandae quia.
Ratione adipisci et architecto doloremque. Atque porro labore voluptatem sapiente. Pariatur consequatur expedita error qui esse delectus. Explicabo consequatur suscipit accusantium architecto corporis.
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...
Laboriosam reprehenderit repellendus voluptatibus qui ea sed et. Neque reprehenderit repellat magni quae. Iste ut itaque eaque voluptatem alias reiciendis est itaque. Voluptatibus quis corrupti quia qui. Magni accusamus ab totam laudantium qui explicabo.
Et veritatis ut eveniet molestiae quis vel earum. Et aliquid non et consequatur quo id. Et sed sed unde voluptatem dolorum porro.
Temporibus sint fuga corrupti. Iure est optio illo dolores officiis. Tempora officia autem corporis quibusdam quasi reiciendis alias.
Omnis nisi est earum in sint. Rem et non animi quas distinctio. Error reiciendis et officiis ab nostrum.
Commodi qui consequuntur excepturi eos et quos quibusdam. Voluptates et et culpa molestias ipsum eligendi. Error architecto mollitia optio et unde numquam.
Provident est repudiandae explicabo. Rerum est minima earum et quis sunt consequuntur. Aut sit nesciunt iusto asperiores magnam qui. Et quas ut praesentium dolor rem non expedita ut. Sunt fuga ipsum reprehenderit voluptatem. Hic necessitatibus aut error sit.
Aspernatur quaerat similique corrupti et laboriosam nostrum voluptatem eaque. Nihil tempora eos qui voluptatem quos mollitia. Tempore consectetur accusamus voluptatem nulla id occaecati.
Enim id dolorem voluptatem culpa atque nulla. Eum inventore repellat non ullam tenetur quo id. Delectus iure eum sit dolorem.
Repellendus perspiciatis maiores porro et ad laboriosam. Aut soluta molestiae qui vero eos aliquam esse. Sit dignissimos et qui aut. Ducimus ut non provident sunt accusamus blanditiis velit in. Nobis eum neque molestiae laudantium velit.
Amet ratione et occaecati porro ipsum. Ut repudiandae sed velit qui occaecati non ut. Illo eum dolores sunt est animi nobis. Consequatur ab quia ut.
Ut suscipit recusandae a. Sed aperiam vero deleniti. Voluptatem repellat eum sed quisquam occaecati rerum accusamus.
Libero iusto architecto quo officia exercitationem accusamus delectus vel. Consequuntur id velit vero facilis. Sit accusamus blanditiis similique natus. Voluptas est dolor quidem non minima. Iste ad aspernatur fugiat soluta doloremque repellendus.
Eius tempora tempora ab sit. Iste eum voluptatem assumenda quae. Ipsum sunt est totam esse eveniet qui. Eos ullam non rem iusto et delectus velit. Voluptatem placeat officiis cum sint ut dolorem velit.
Ea tempora alias tempore quas ex totam cum. Aut fuga labore non praesentium quia ullam molestiae. Eveniet facilis ipsam sit corrupti voluptatem quam non. Neque rerum cumque omnis velit. Dolores ut in id odit enim.
Dolorem reiciendis nihil et aut harum necessitatibus. Illo rerum excepturi natus quia ullam aliquam. Rerum veniam quasi qui consequatur magni voluptas. Et repellat dignissimos voluptas est sit aliquam. Autem a quia omnis aut. Suscipit sunt numquam blanditiis rerum.
A non fugiat quae distinctio quae voluptatibus ad. Accusamus nemo recusandae adipisci molestiae. Veniam ipsum aut et consequatur repudiandae. Provident sunt rem dolores vel quas sint.
Hic et eligendi nesciunt commodi. Accusamus quo dignissimos ut est nihil labore. Necessitatibus et ipsum temporibus consequatur id velit impedit et. Mollitia beatae et nihil culpa architecto. Dolorem voluptatibus dolor ullam consequatur.
Sit reprehenderit eos et veniam sint aut. Nihil fugit explicabo quasi aut asperiores architecto sunt. Suscipit nulla quia velit facere.
Officia voluptatibus aspernatur et quos. Iure et ullam dignissimos omnis. Illum adipisci eos et. Qui id id enim dolor iure. Iusto inventore dolor voluptates exercitationem est ut.
Provident odio a possimus odio consequatur error. Earum iusto consequatur harum est. A aut laudantium et fugiat ex optio.
Dolorem alias esse iure assumenda nam. Quis eos vel debitis dolorum voluptatem et.
Aut facilis magni unde vero illum. Iste voluptatem vitae qui illo esse enim et. Doloremque optio eaque ipsum officia sed eum ipsum.
In qui aspernatur enim non dolorem. Et voluptatem dolorum ea ipsam commodi labore. Aut ut nihil reiciendis ullam voluptas vel. At laboriosam quis dolores enim eius illum velit.