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This is a good warning, especially to bright pupils coming straight out of undergraduate programs who are continuing upon the academic trajectory because "it is what smart kids do". I know I was definitely in that boat once upon a time, and it was rough sailing.

The problem in a lot of programs is that the outcome is so radically different for nearly identical students, owing entirely to what advisor they end up with. Often the most prestigious advisor is not the most nurturing or even competent, and many successful PhD candidates look upon their flagging comrades as somehow weak or defective for not replicating their own success in superficially similar but immensely challenging situations across the hall.

I think that if I had done better research before entering a PhD program I wouldn't have chosen one where 2 out of 3 students do not get their doctorates after 10 years. There is a huge societal cost to not simply wasting the youth of >50% of your brightest and most motivated students, but crushing their spirits to the point that they not only fail to contribute but may also become a burden on others. I've seen it too many times, and I don't really advise people to undertake PhD studies unless they are older, accomplished in some way, and absolutely need the doctorate to advance in their field.



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