Somehow, there is this feeling that women require remedial financial education, and so everything must be dumbed down. The reality is that we all need a lot more education, but guys just go ahead and invest anyway.
Interpretation
The quote highlights the misconception that women are less capable of understanding finances, while emphasizing the need for financial education for everyone.
Sallie Krawcheck's quote points out a prevalent societal belief that women require simpler explanations in financial education, while men are encouraged to invest without similar support. This suggests a broader issue of financial literacy that transcends gender, indicating that all individuals, regardless of gender, can benefit from improved financial knowledge and education. The reductionist view that women need 'remedial education' undermines the capability of women and ignores the universal need for financial competence.
In practice
This quote can be used in a workshop on financial literacy aimed at both men and women to emphasize the importance of equal opportunity in financial education.
What you hear and what the research shows is that gentlemen negotiate for their first job. Women do not negotiate from their first job and on. And I tell women there is no H.R. fairy godmother. There might be, but you better not count on it.
The research indicates that when we women invest, we women do tend to be more patient, take a longer-term perspective and as a result of it, tend to be better investors than men. But the messages we get are that investing is sort of 'the guys' world.'
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Your career is not going to go the way you planned. It is impossible at the age of 23 to pick the right industry, the right company, and you can visualize what you're going to be doing in your 40s, 50s, and 60s, but chances are that it's going to be something quite different. So remain open to opportunities and change.
As the growth mindset has become more popular and taken hold, we are beginning to find that there are pitfalls. Many educators misunderstand or misapply the concepts.
Order and simplification are the first steps toward the mastery of a subject.
If you have a 2 or 3 year old who is not talking, you must start an early intervention program. The worst thing you can do with an autistic 3 year old is to do nothing.
When children and youth are deprived of their right to education, their community is deprived of a sustainable future. It is all the more true with refugees.
The end of all learning is to know God, and out of that knowledge to love and imitate Him.
Most areas of intellectual life have discovered the virtues of speculation, and have embraced them wildly. In academia, speculation is usually dignified as theory.
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