Have you heard the one about the hedge fund manager who mansplained how those trader gals are totally useless after they have a kid?
As soon as that baby's lips touch that girl's bosom, forget it. Every single investment idea, every desire to understand what's going to make this go up or go down, is going to be overwhelmed by the most beautiful experience, which a man will never share, about a mode of connection between that mother and that baby.And then the tape got out, and he had to start backpedaling and equivocating that he really just meant macro trading, which, you know how emotional girls get, right? Right? Help me here!
Anyway, Paul Tudor Jones made a bundle by predicting the 1987 stock market crash, yet somehow he failed to anticipate that his comments would generate a shitstorm of criticism. That's the kind of insight you get for 4% of assets under management and 23% of returns.
When A Billionaire Speaks Off The Cuff [dealbook/nyt]