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.'
As an entrepreneur, I've learned how crucial it is to be able to call a spade a spade and avoid falling in love with a particular strategy or product. Instead, you need to let the customer tell you what she needs - and to change her as she changes.
If you aren't committed to diversity of thought, you have no business launching a startup.
In the old world of business, there was often just one seat at the leadership table for women, two at best. That meant that only so many women could advance. But in a world where women recognize the power that they own - and where technology can upend the traditional rules of engagement - one woman winning doesn't mean another loses.
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.
Just like becoming an expert in wine, you learn by drinking it, the best you can afford.
As a child, you respond physically, tactically. You're delighted by sound, you're delighted by recognizing something. It's like hide and seek. Is it there? Is it not there? Is it this note? Is it not this note? It's one fantastic game.
For the speedy reader paragraphs become a country the eye flies over looking for landmarks, reference points, airports, restrooms, passages of sex.
I entered the classroom with the conviction that it was crucial for me and every other student to be an active participant, not a passive consumer...education as the practice of freedom.... education that connects the will to know with the will to become. Learning is a place where paradise can be created.
I went to the trash pile at Tuskegee Institute and started my laboratory with bottles, old fruit jars and any other thing I found I could use. ... [The early efforts were] worked out almost wholly on top of my flat topped writing desk and with teacups, glasses, bottles and reagents I made myself.
I think that the best way to solve problems and to fight against war is through dialogue. For me the best way to fight against terrorism and extremism... just a simple thing: educate the next generation.
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