HEDGE FUND DIVORCES?
The caption below the picture is a link to an
interesting article about a research project from some economists at the University of Florida. These economists decided to research, of all
things, how getting a divorce affected productivity of individuals who work as
hedge fund managers. They then compared it to how much their productivity was
affected when a hedge fund manager got married.
Somehow, that is a question I
have never even thought to ask.
Have you ever wondered what in the world causes
people to decide to research something as peculiar as that? It probably has to do with government grants,
or the need to fill space in a publication.
However, it is actually
interesting that somebody asked whether the divorce or the marriage had more impact on the lives of
individuals.
The long and short of it,
in my summary of it, is that marriage generally causes greater impact, but that
is primarily true of middle aged individuals.
For younger individuals, divorce created more upheaval.
Kind of interesting, huh? Is that what you would have expected? It raises some interesting questions. The biggest thing it raises is the notion
that there are a lot more questions to be asked to fully understand what is
happening.
Bear with me for a moment as I offer some reflections of my own, totally unverified and
unresearched, just thoughts that have come to me as I read it.
First, the fact that
marriage has less of a disruptive impact on younger traders than does divorce
makes one wonder why. For instance, is
it because when they got married, they assumed it wouldn't change anything in
their lives, and so keep on working dawn to dusk, and keep their marriage tied
into a tiny little time segment of their lives and dedicate only limited energy
to it? Or could it be just the opposite,
that now that they are married, they especially feel the responsibility to
bring in a good income and so pour themselves into their work? And maybe when those younger people
experience divorce, it hits them harder because with a divorce they are losing
a lifetime of dreams, facing the fact that they have invested way too much of
themselves and their time in their work and not nearly enough in the most
important relationship of their lives?
For those who are older,
the marriage has more disruption than a divorce. What would you speculate about that? I kind of wonder if it has to do with the
fact that when somebody gets to be an old codger like me, you realize that
making a commitment to a marriage is a major undertaking and is going to
require real arranging of priorities and schedules to make the marriage what it
ought to be. Maybe divorce does not
have as much impact on job performance at that older age because after being
around for a few decades, one experiences enough struggles and heartaches in
life to develop some skills in knowing how to face them effectively.
Or…..maybe it is just that when you reach a
certain age, productivity has already dropped because you are slowing down, and
so the divorce isn’t going to have the same impact because you are already moving
more slowly anyway! Trust me, I feel
some of that every day!
Okay, regardless of what the economists from the University of Florida pointed out in the whole matter (if there is one), I think there is an
important point to be observed in the discussion. Marriage is a major life change event that
will also require significant lifestyle changes away from the worldview of
singleness into a world in which there is one earthly relationship that is more
important than any other earthly involvement.
That commitment must be honored, protected and nurtured if the marriage
is going to be successful.
I remember a time when I was so discouraged because I felt like I was progressing through the emotions and recovery of divorce way too slowly. In that time, a wise friend said to me: “Maybe you just need to give yourself permission to NOT get over it quickly, to recognize that it really is a big deal and that it is going to take time to recover from it.”
Turned out she uttered some pretty wise words that day.
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