If you haven't had a major fail in your career - face-plant level - you aren't trying hard enough. Sallie Krawcheck More Quotes by Sallie Krawcheck More Quotes From Sallie Krawcheck Your adrenaline starts to go when the market opens in the morning. It's like sports programming. Sallie Krawcheck programming morning sports Women tend to have a better track record in investing - when they invest - than men do, because they tend to take a longer-term perspective. They tend to trade less. They tend to shift in and out of stocks or mutual funds less often. Sallie Krawcheck track perspective men If a woman waits 10 years to invest, "I'm busy", "I've got to do this", "I can put it off", "I gotta find the right financial..." It costs her $100 a day. $100 a day! And if we had money falling out of her pocketbook at the rate of $100 a day, we'd change our pocketbook; we'd fix our pocketbook. Sallie Krawcheck waiting years fall Women have different characteristics and needs than men do. Sallie Krawcheck different men needs A computer can have so much more in its brain that a human can. Sallie Krawcheck computer humans brain The industry financial advisers, on average about 85% male, tends to be a more mature financial adviser - so I think in their 50s, really. For so many companies, in their 60s. In fact, there is one company that was telling me they had more financial advisers over the age of 80 than under the age of 30. Sallie Krawcheck males average thinking When I started on Wall Street, there was pretty good diversity in those junior ranks. And you know what? It hasn't made it to the top. Sallie Krawcheck juniors diversity wall In our corporate culture, because someone may have to take some flexibility because of family issues, somehow we continue to believe they aren't fully dedicated. Sallie Krawcheck issues believe culture I had very good bosses, very good companies for which I worked. I worked in industries where the results really mattered; it wasn't the perception of results, it was just the facts. Sallie Krawcheck boss perception facts Companies that put a mandated parental leave in place save money in the first year, FIRST YEAR. Because they don't have to hire to replace the woman. Sallie Krawcheck saving-money years firsts Emerging investors want to invest differently. They want to have their dollars - their investment dollars - do double duty. Sallie Krawcheck investment dollars want How about mandated parental leave.? Oh, okay. Less than 20% of companies in America have it. Most of them think about it as an expense. What's the bigger expense? The bigger expense occurs if women have babies and don't come back to work. Sallie Krawcheck baby america thinking Typically, when you ask a financial adviser sitting with a couple: Do you treat the man and woman differently? They say, "No!" Sallie Krawcheck couple sitting men I can tell you that my experience has been that the gentlemen are more likely to come and ask for the order, ask for the raise, ask for the promotion, and that the women are less likely to do so. Sallie Krawcheck promotion gentleman order Something happens in the middle when women are in their 30s, and we can start with an array of things that happen, whether it is - you hope this doesn't exist any longer - but overt discrimination; whether it's subtle gender discrimination, which absolutely does exist among men and women; whether it's the fact that it gets hard to juggle at that point children, housework, etc. But people still have to go home and cook the dinner and clean the dishes and get the beds made and so on. And so, for a whole bunch of reasons, women tend to fall out in their 30s still today. Sallie Krawcheck home children fall I would say one of the reasons that women don't invest to the same extent that men do, is because we still think of it in some ways as a male pursuit. Sallie Krawcheck males men thinking Women tell us that they do feel patronized. They do feel like they don't have the time and the space to have their questions answered. Sallie Krawcheck space feels Fundraisers treat men completely differently than women. As a matter of fact, many of them have the default on their direct mail set up to read "Mister," and it really rankles a lot of women. Sallie Krawcheck mail matter men I think that indicates why men tend to invest more wealth. If he loses some, there's more coming in. Whereas for women, it's like "Ugh, I gotta keep this." Sallie Krawcheck ugh men thinking We don't recognize the power of compounding. Sallie Krawcheck
