Paul Tudor Jones is getting a bad rap after saying that having babies is inimical to female traders' profitability and that divorce and trading don't mix. However, having made inappropriate comments Jones is now back-pedaling frantically.
Jones says he has three daughters, all of whom he has advised to become traders like himself. His remarks to the effect that women's trading ability diminishes the moment they start breastfeeding were 'off the cuff' says Jones. Actually, anyone can trade, bearing in mind that: "Macro trading requires a high degree of skill, focus and repetition. Life events, such as birth, divorce, death of a loved one and other emotional highs and lows are obstacles to success in this specific field of finance.”
Only boring people make good traders, in other words.
Paul Tudor Jones is scientifically unsound. (Quartz)
Bonuses at Goldman Sachs will now be linked to employees’ success at protecting the firm’s reputation. (Bloomberg)
Deeply cynical people might see Goldman's new committee as a way for the bank to harness market data that could alert it to early signs of frothiness in the markets before others catch on. (Financial Times)
Andrew Jain spoke in barely comprehensible German at yesterday's Deutsche Bank AGM. (eFinancialCareers.de)
Sir Simon Robertson, a very rich man, is now overseeing pay at HSBC. (Financial News)
How the British elite are trained to think. (New Statesman)
Bank holiday reading recommendations curated for the curious mind. (Farnam Street)