The more I experience engineering advances the more I see how cyclical techniques and technologies are. Almost everything old that was useful will eventually be needed again. Early computers were severely memory and cpu restricted. Then we got giant computers. Then we're putting microcontrollers everywhere and need those frugal techniques again. And so on the cycle will continue.
A possible conclusion is that the danger of obsolescence from a really profound knowledge in a field is far lower than one would expect, specially if you can weather the cycles of technology and find new markets to apply your expertise.