The shot heard ‘round the world came when hedge fund billionaire and University of Virginia contributor Paul Tudor Jones said women basically can't be successful macro global traders if they have children.
“As soon as that baby's lips touched that girl's bosom, forget it. Every single investment idea…..” is thwarted, he said, by emotional distractions amid the unique maternal experience.
The 58-year-old billionaire and father of three daughters said he was just talking about macro traders, who are on call 24/7.
“This was an investment panel of investors and traders. We were not talking about a variety of other activities. I'm talking about a very specific skill set required for a very specific pursuit,” he said.
Jones called having children a focus “killer” for women, adding that if women continue to have children, the business world will be dominated by men.
His reference came from two women who worked with him at a stock brokerage in the late 1970s. Jones says that his remarks were meant only to apply to the world of global macro trade.
Jones’ remarks were made during an April session at UVA’s McIntire School of Commerce.
Jones says he encourages to go into the trade industry.
He later responded: “Macro trading requires a high degree of skill, focus and repetition. Live events, such as birth, divorce, death of a loved one … are obstacles to success in this specific field of finance.”