I wouldn't say "asset" as much as being older is a fairly desperate position (hopefully we all make it that far though). At some point in the ageing process it isn't possible to compete with young people on physical strength, looks or speed of learning. Then there is the huge kick in later life where almost everyone ends up completely dependent on the goodwill of others to maintain your lifestyle without any real ability to generate new wealth. Somewhere in that process people suddenly realise that they really need experience and seniority to be considered important.
But it seems a little optimistic to call it an asset. Experience can be a powerful asset; but if it isn't backed up by a reasonable argument it is going to drive stupid behaviour. There are far too many cases of destructive behaviour because of what amounts to tradition and senior people who have no interest in optimising behaviour to achieve outcomes.
But it seems a little optimistic to call it an asset. Experience can be a powerful asset; but if it isn't backed up by a reasonable argument it is going to drive stupid behaviour. There are far too many cases of destructive behaviour because of what amounts to tradition and senior people who have no interest in optimising behaviour to achieve outcomes.