@hawkeye10,
Quote:Those who fail to sufficiently look after their education have no choice but to follow what so-called experts..
That's not what education is about. It's about learning skills, and to know how to determine what works in our careers. We have to have enough skills by ourselves to do the jobs offered to us. I majored in Accounting and minored in Philosophy. I made a pretty good living by learning the subject, and applying it to my work. I was promoted to Audit Manager at Florsheim Shoe Company. It was the premier shoe company in the United States back then. I also did small business consulting in Silicon Valley, and made a pretty good living with it, and was able to travel the world (132 countries) and retired early. And believe what I was able to accomplish was plenty enough for me. I didn't need to satisfy anyone but myself and my family. Whatever skills I had were not based on "outside experts." I learned them through study and personal experience. I worked in management positions and consulting for over 80% of my working career. I believe that speaks for itself. BTW, most people probably never heard of the "bamboo ceiling." It's about the difficulty of Asians getting promoted to top management positions no matter how well they do in school or work. It's still common today, but I was one of the "lucky ones" who never suffered from it. Definition of bamboo ceiling:
bamboo ceiling. A figurative discriminatory barrier in the workplace that impedes the career progress of Asians and people of Asian descent, preventing them from reaching top leadership positions in a company. Also, if you look at what race earns the most income in this country, it's the Asians, not Whites.
https://en.wikipedia.org/wiki/List_of_ethnic_groups_in_the_United_States_by_household_income I've been retired since 1998, but my retirement income is higher than most people actively working full time. This is our investment return for the year through today: Investment returns +$108,239.43 My college education was a huge factor in the success of my living standard. It had to do with my Accounting degree, but also my studies in Macroeconomics and Microeconomics. That's the reason I don't listen to investment pundits who recommends increasing one's bond holdings as one gets older. That's a foolish notion when our's and the world economy are doing well. The fear mongers who continue to predict the next Great Recession doesn't know what they are talking about. Nobody can predict the economic future; it's not science. They are guesstimates by everybody. I hate to call it "educated," because that would be an oxymoron.