A question I have asked myself a few times as the guy who has to work out whether to invest in the guys hiring McKinsey: if you need McKinsey to do "technical"

A question I have asked myself a few times as the guy who has to work out whether to invest in the guys hiring McKinsey: if you need McKinsey to do "technical" work for you then why am I giving you money? Strategy is very useful...but, again, McKinsey know almost nothing about this too. In my experience, capital allocators are born not made. The idea that you can be a strategic genius without ever taking any risk yourself (i.e. the kind of person who goes to the colleges McKinsey hires from) is just wrong. And the funniest thing about McKinsey is they are, apparently although not so much anymore, arch capitalists but largely exist to milk money from the principal-agent problem. McKinsey is the problem.