Friday, March 14, 2025

Consultant

Warren Buffet has reminded us that a barber is the last person you should ask whether you need a haircut.

There is no mystery to getting outside advisers. Those who are eager to get help should go and read Surviving the Daily Grind written by Philip Coggan, the columnist for the Economist. For those who are keen for hiring management consultants, however, there is good reason to remember the old joke that management consultants borrow your watch so they can tell you the time, and then they walk off with the watch.

Therefore, in his book, Philip Coggan laughs at large companies attracting outside advisers in the same way that jam jars attract wasps. I do not think of myself as cynic, and certainly most of us don't. But I must confess that I keep laughing at his jibe about teachers: "Those who can, do. Those who can't, teach."

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