Theres something very important youre not touching on, which is the use of consulting companies by the US gov to push their own agenda and eventually economically "assassinate" other governments. Confessions of an Economic Hitman by John Perkins is a good book to read about this topic.
As a blue-collar business owner in a big city, I’ve done remodel contracts for a few people with “consulting” jobs. They always acted evil/psycho, dishonest, and immoral. Now I know why
Dude EVERYONE has an agenda. EVERYONE. And if you don't well youre part of someone else's agenda. Thats pretty much how it is. The channel How money works did a video criticising consulting, and i do agree with what youre saying. But having agendas, thats everyone's thing, not just mckinsey or bcg's.
@@JJ-vp3bd Consulting firms will consult Board, CEO and ExCo team. CEO will be the face of the change and can essentially hide behind the consulting firm’s strategic recommendations. Its all about delivering shareholder value
Patrick Bet-David, do more of these videos IF you have the time!!.....I started watching your channel years ago when you had Biz Doc case study videos, those gave so much value to me, and business advice, strategies, motivation, concepts, etc!!! This REALLY has given me the motivation I needed to launch a course in an area I KNOW I know very well and give insane value. I've already done 4 workshops, and each business received great value!
It's true. There's value in teaching someone how to get to the next step in their journey. I recently started to increase my earnings from my writing and I'm willing to spend some cash to learn how someone went from my level to the next level as a writer. Don't sell yourself short. If you've been around for a while you're enough of an expert at something
I’ve been in paid media for over a decade now and am just starting to become a full-time independent consultant. Helping brands and agencies expand their abilities and processes in terms of paid media. I’m so glad this video came across my feed.
McKinsey was very big issue in France for the COVID decisions, THEY told the goverment of France what to do, and they didi it everywhere that why there was so much similarity in the general response, same day same discourse different nations
There is my PBD!!! This is the PBD I adore. Teach me the ecosystem of industries. Whose who and what is what! Do more of this! Less copycatting Rogan and other podcasters just having gossippy conversations. This is gold!
Someone I knew recently got hired into McKinsey within the past 3 years. Once he saw from the inside how big of a reach McKinsey had, I knew that this was part of the machine that dictates the pulse of the world.
big name consultants like McKinsey , Andersen ... are just another jewish tax on companies : you are just required to pay , period . same thing goes for internet security : that's just the usual jewish racketeeirng : you have to pay them or very bad things will happen to your company : - " Hey goy , nice business you got there , it would really be a shame if it were to be called out in our media as racist or transphobic . " , or : - " it would be a shame if those hackers and cyber terrorists just ransom your website or destroy your database ." Consultants are all spies : they get in your systems and they install backdoors , and then their friends in Israel's military Unit 8200 , go in and steal everything from you .hold your data against ransom : now they OWN you : you have to work for them to keep your company . The CIA does it too : Andersen was created by the CIA to spy on companies , I'd bet McKinsey is in on it too.
You can see from the way this guy speaks that money hasn't improved his life; he is just in a money bubble living off his nerves. Bless him. Someone should tell him how short life is.
Thanks for this video. I have been consultant for more then 20 years. For small business it can be feast or fast,however if you have a stamina it is very rewarding career
00:04 Ideas is a trillion dollar industry per year 02:07 McKinsey consulting firm has worked with various government agencies, industries, and organizations. 03:57 Consulting industry is evolving with changing needs and demands. 05:43 Booz Allen Hamilton founded in 1914 as the first management consultancy to engage with government and industry. 07:37 Tech-enabled companies have higher valuations due to the additional value of their technology. 09:16 Texas Instruments invented the personal calculator in 1967 and sold millions of them. 11:11 Lowering prices led to a significant increase in sales for Black and Decker. 12:59 Bao Shalom achieved market dominance by acquiring manufacturers and underpricing new companies 14:45 Consulting firms and the importance of getting valuable advice 16:23 Minute is an app where experts and consultants can connect and exchange advice ----From Notta's video summarizer
😂there was value in the beginning to make money from what you know. There is people that need what you have not just corporations and at the end he have to also sell his app😂😂😂
I couldnt stop thinking about Palantir while you talked about TI. They really need to expand their products to small and middle market businesses. Hope they leave their intellectual pride and be open enough to be guided into scaling that product.
The interesting part in all this, there is always tons of clean up after you push these consulting companies out. They know how to push the C level but often it results in downstream mess.
We used Mckinsey several times and its like going to a doctor and they tell you to eat right and exercise. Basically our top executives didn't have the balls to tell some of their chief designers which products to focus on and the designers almost ran the company into the ground. Glad we laid off thousands so McKinsey could tell them the obvious.
@@pratik4309 I did. I have a ton of friends who work in consulting in the big 4 as well as some in the boutique consultancies, ans the money they make vs the time they spend working to make it is quite ridiculous. Especially when they were juniors
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
I personally work with 'Julie Anne Hoover’’ she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
@@jeffery_Automotive Thanks for sharing this. I did my own little research, and your advisor looks advanced and experienced. I wrote her and dialed her twice but she didn't pick up so I scheduled a phone call.
The best consulting strategy is to ask your customers what they want and to give them exactly that. Your customers won't charge you. They will pay you to do what they ask
I’ve been in the vape industry (manufacturing, wholesale and retail) since 2015 and always wondered how Juul was able to pull off such big growth. Thank you Pat and team for putting this in perspective. 💯
@@RecoveryAdvocates true, it sure did on the user end but having first to come across salt nic still didn’t guarantee their massive growth, marketing did great of a job
I know a few so called "consultants" personally. I also got caught in the middle of some consulting company and my employer. I can't speak for the huge companies that consult fortune 500 and Gov't agencies. But in my experience. Consulting companies for the common man and small businesses are all scammers, not capable of actually doing anything themselves. BTW, if you ever hear someone refer to themselves as a "life coach"...RUN! They're the worst.
I engage in various prolific Investments by compound interest & leveraging and as well operating with Investment Professional Hao Luo, So far I've attained returns of over $30K last month
Wow😊l know him and I have also been trading with him, he's such an amazing man with good skills, keeps me happy all week knowing I earn 15thousand extra income trading with him.
What I got from this is the money hire the money to make more money. They might get ideas from the common folks by using employees suggestions but the consultants take that idea and claim it as their own.
Pat, excellent video! Would be great to also see and the evolution of IT consulting and services. It has evolved from pure “offshore and outsourcing” to mega corporations like TCS, Infosys and others. ~Chris
I've been a Consultant for the past 7 years. It's been a great time advising NGOs & SMEs to in East Africa. I would like to grow my firm to the Next level. Thanks PBD
My question is....WHAT are the goals of the consultation? Massive financial profits? Social Engineering? Making people's lives better? Over throwing other governments/systems?
That would be entirely up to the people doing the consulting and who they choose to work with. Instead of being black pilled and allowing your demoralization to cloud your judgement, OWN YOURSELF and your decisions about your future and your company. Conduct yourself with integrity and you won't need to fear competition. You lose on all fronts due to your own irrationality.
@Mr. Bet-David, Firstly great video and presentation as always👍, Secondly may I suggest having on Mike Dice as a guest on PBD Podcast regarding things relating to 'The Establishment'.
When i used to work at TUI AG (one of the biggest travel firms in the world) they brought in McKinsey and paid them millions for nothing. They realized that very late.
Everyone I knew at uni used a casio calculator. I used a texas instument and really felt the odd one out. I ended up getting a casio, still have one today.
You're right Patrick, when I was Majoring in Electronics Engineering in 2009 you definitely needed that Texas Instruments (T.I.85) calculator to do your work. Back then, it was $199 downstairs in the bookstore, plus tax! You needed that specific calculator for formulas and linear equations, but not only that, you couldn't take your midterms or finals if the professor saw you testing without it!! 🧐 😮
@@KletoReese The College wouldn't allow it they'll throw you out of testing. It's a big money making scheme. Also you have to buy the professor's revised version of the textbooks, otherwise, you won't know the answers to their handwritten section of the test, which will drastically drop your grade! It's all about money! But you gotta do what you gotta do to get your degree. 😌
Back in 1995, my parents asked what I wanted for my birthday. I was in advanced math classes in high school and graphing calculators were just coming in. The teacher would have about 2 dozen in a pelican case, for students use. I wanted A TI85 but that was a $100-125 calculator. I felt it was a big ask and kinda felt bad about asking. My parents got it for me, because I was putting in the work. I still have that TI85. Had tetris and another game loaded in it.
@jamiehollanger6560 You explained you needed that calculator incollege in 2009. When my child was in high school, 2014-2018, her math classes required the TI-85. Yes, high school. It wasn't $199 but it was still over $100.
Looks like we found the reason why the opioid epidemic will continue. People helping these companies be successful and to produce more and more. Life is not just about money, we have a serious problem here that needs to be addressed. People are so worried about how big they can make their bank accounts. It makes me sick to hear the types of numbers companies spend when we have so many homeless people, people in poverty that can’t feed themselves, can’t buy groceries and gas. Working minimum wages that can’t keep up with inflation. And companies say if they raise wages they will go bankrupt, bull crap. Money makes people become selfish and greedy, to only protect what is yours and fearing that it will run out.
Best place for young grads to get their feet wet with work and learning to manage. This is all garbage to get views. Nothing nefarious. Companies always need help getting projects started if that's not their core competency.
@@juicelino3867top MBA programs teach companies fail when they get out of their core competency so now the same MBA's go work in consulting saying get into things that aren't your core competency. you make no sense
@@deathlarsen7502 No. You make no sense. Go back and edit your post in an intelligible way. No punctuation, and I suspect missing words. We have no idea what you're trying to say.
I'm an email marketing expert. Wanted to sign up for the app but it only accepts Unites States profiles. Do you plan on letting other counties in any time soon?
quick note also the big 4 also all do strategic operations , the only thing is they are not allowed to do accounting and strategy at the same time. So they do it eery other period.
I have worked in Strategy Consulting but not in the Big 3 that is BCG, Bain and Mckinsey. It is basically lot of bull. Nicely packaged stuff. Focus is on making as money from the client as possible. Basically scamming the client. We have worked in projects in Industries where we hardly had any knowledge. But smart teams, well dressed, great speakers and presenters and sprout all the relevant jargon. Prepare a smart report, present and walk out with your fees. If the client asks the Consultant to implement their recommendations, in most cases the Consultant flees with his tail between his legs.
Patrick Bet David’s videos are the reason I found out about Y Combinator. Amazing how when you learn from him, not only do you gain new information, but you learn how to ask more industry specific questions on the YT search bar. I respect you man.🙌🏾😭
Consultants are used to prove you spent your allocated budget so the next year you get the same budget. Consultants are also used as a way to launder money.
I have you ever consider adding a Spiritual consultation to the app? There are many serious spiritual teachers that would love to earn an income while answering questions. I’m one of them.
From the WSJ today: McKinsey Cuts New Partner Class by Roughly 35%...in the latest sign that economic conditions have dented demand for high-price consultants.
The trillion-dollar consulting industry plays a complex role in global affairs. While consulting firms offer legitimate services by employing knowledgeable experts, they also serve as conduits for questionable practices. Some hire former politicians and decision-makers to secure favorable deals or contracts through influence, paying them substantial sums in the process. This system allows for the covert exchange of large amounts of money, often involving offshore accounts, foundations, and other mechanisms, enabling corporations to navigate the intricacies of international business and politics. While not all consulting operations are nefarious, this dual nature of the industry continues to raise ethical concerns, highlighting the blurred lines between legitimate advice and covert influence.
I want to be your Fitness and Well-being consultant Patrick. I was one of the 1st Fitness instructors for Navy SEAL support and received endorsement from US SOCOM
this might be thaaaa realest Nia in television/RUclips.... Yahawah bahashem Yahawasha barak ahtha! Keep it going Paul of Tarsus, we real ones luv what youre doing as a voice that is heard, saving our generation and more.... our future future generations!!!! thumbs up already subscrizzznibed baby!!!! I salute u!
![Blox Fruits Dragon Rework Update [Full Stream]](http://i.ytimg.com/vi/EqDAp8udhm0/mqdefault.jpg)
So basically we've spent 17 minutes listening to an advertisement for minnect... gotta give it to you Patrick, that was smart 🤓
Exactly. That was a long ride on cost before we came to the downtown lol many birds in one stone, smart!
Rubbish - you win the dumb ass comment
Theres something very important youre not touching on, which is the use of consulting companies by the US gov to push their own agenda and eventually economically "assassinate" other governments. Confessions of an Economic Hitman by John Perkins is a good book to read about this topic.
You should watch the podcast PBD had with the author of that book! Was a good one
@@EC-09003 it's even worse that he did a podcast with Perkins and still failed to highlight the facts Perkins states in his book. Lying by omission.
As a blue-collar business owner in a big city, I’ve done remodel contracts for a few people with “consulting” jobs. They always acted evil/psycho, dishonest, and immoral. Now I know why
ruclips.net/user/liveDyP_gHMsK3w?si=Qh2Tga2wZh66yrsx
Dude
EVERYONE has an agenda. EVERYONE. And if you don't well youre part of someone else's agenda. Thats pretty much how it is. The channel How money works did a video criticising consulting, and i do agree with what youre saying. But having agendas, thats everyone's thing, not just mckinsey or bcg's.
"Advice" isnt the reason people hire consultants. CEOs hire consultants to make unpopular decisions so that the CEO gets less blowback
Great point, I would add that even on Director, VP even head of department this is used as an excuse to pull the trigger off
This is not completely true. Consultants are hired for a myriad of reasons, but not limited to what you mentioned.
but how do they market this to make them look good?
@@JJ-vp3bd Consulting firms will consult Board, CEO and ExCo team. CEO will be the face of the change and can essentially hide behind the consulting firm’s strategic recommendations. Its all about delivering shareholder value
Patrick Bet-David, do more of these videos IF you have the time!!.....I started watching your channel years ago when you had Biz Doc case study videos, those gave so much value to me, and business advice, strategies, motivation, concepts, etc!!! This REALLY has given me the motivation I needed to launch a course in an area I KNOW I know very well and give insane value. I've already done 4 workshops, and each business received great value!
😮😅😮
I work at McKinsey. We're not experts. we don't have good advice. We're just good at pretending we do
No different than what PBD is doing here.
You’re speaking for yourself. McKinsey’s track record speaks for
Itself
@@kevingbergiste7372 Yes of course it does. Last numbers I saw was 6% of studies produce captured value.
@@kevingbergiste7372he is right , nothing different from what company people can’t do themselves.
@kevingbergiste7372 We know what you have buried in your backyard.
It's true. There's value in teaching someone how to get to the next step in their journey. I recently started to increase my earnings from my writing and I'm willing to spend some cash to learn how someone went from my level to the next level as a writer. Don't sell yourself short. If you've been around for a while you're enough of an expert at something
I’ve been in paid media for over a decade now and am just starting to become a full-time independent consultant. Helping brands and agencies expand their abilities and processes in terms of paid media. I’m so glad this video came across my feed.
"When McKinsey Comes to Town" -- highly recommend this read
McKinsey was very big issue in France for the COVID decisions, THEY told the goverment of France what to do, and they didi it everywhere that why there was so much similarity in the general response, same day same discourse different nations
Interesting
I suppose if McKinsey had advised to, "Shoot on sight anyone without a mask," Govt's would have done it?
how did they not get sued?
From monopolizing calculators to globalization, consulting has been key. There’s a thin line between consulting and conspiracy. 😮😂😂😂
For me, Mc Kinsey and Co (Deloitte, Ersnt and young....) are as evil as Citadel!!!!
Well if monopolizing calculators means selling them at the lowest price possible then I'm all for it
There is my PBD!!! This is the PBD I adore. Teach me the ecosystem of industries. Whose who and what is what! Do more of this! Less copycatting Rogan and other podcasters just having gossippy conversations. This is gold!
Someone I knew recently got hired into McKinsey within the past 3 years. Once he saw from the inside how big of a reach McKinsey had, I knew that this was part of the machine that dictates the pulse of the world.
well one of them anyways
big name consultants like McKinsey , Andersen ... are just another jewish tax on companies : you are just required to pay , period . same thing goes for internet security : that's just the usual jewish racketeeirng : you have to pay them or very bad things will happen to your company : - " Hey goy , nice business you got there , it would really be a shame if it were to be called out in our media as racist or transphobic . " , or : - " it would be a shame if those hackers and cyber terrorists just ransom your website or destroy your database ."
Consultants are all spies : they get in your systems and they install backdoors , and then their friends in Israel's military Unit 8200 , go in and steal everything from you .hold your data against ransom : now they OWN you : you have to work for them to keep your company .
The CIA does it too : Andersen was created by the CIA to spy on companies , I'd bet McKinsey is in on it too.
What does he do for McKinsey ?
You can see from the way this guy speaks that money hasn't improved his life; he is just in a money bubble living off his nerves. Bless him. Someone should tell him how short life is.
Thanks for this video. I have been consultant for more then 20 years. For small business it can be feast or fast,however if you have a stamina it is very rewarding career
Thanks!
00:04 Ideas is a trillion dollar industry per year
02:07 McKinsey consulting firm has worked with various government agencies, industries, and organizations.
03:57 Consulting industry is evolving with changing needs and demands.
05:43 Booz Allen Hamilton founded in 1914 as the first management consultancy to engage with government and industry.
07:37 Tech-enabled companies have higher valuations due to the additional value of their technology.
09:16 Texas Instruments invented the personal calculator in 1967 and sold millions of them.
11:11 Lowering prices led to a significant increase in sales for Black and Decker.
12:59 Bao Shalom achieved market dominance by acquiring manufacturers and underpricing new companies
14:45 Consulting firms and the importance of getting valuable advice
16:23 Minute is an app where experts and consultants can connect and exchange advice
----From Notta's video summarizer
That’s one hell of a promo video, Pat!
Lol... Yup
I can't believe this was all a build-up to promote his app in the end 😂😂. I love this man
😂there was value in the beginning to make money from what you know. There is people that need what you have not just corporations and at the end he have to also sell his app😂😂😂
I couldnt stop thinking about Palantir while you talked about TI. They really need to expand their products to small and middle market businesses. Hope they leave their intellectual pride and be open enough to be guided into scaling that product.
The interesting part in all this, there is always tons of clean up after you push these consulting companies out. They know how to push the C level but often it results in downstream mess.
The best video ive ever watched by Value Entertainment..
Their best ones were “ESG: A $66 trillion dollar weapon”, and their interviews with Andrew Tate, Tucker Carlson, and Tom Brady
This is my favorite type of video Valuetainment has done. I was first attracted to this channel by Biz Doc case studies.
Consulting is also a pseudonym for short term contract work
And money laundering
how so@@Bambotb
We used Mckinsey several times and its like going to a doctor and they tell you to eat right and exercise. Basically our top executives didn't have the balls to tell some of their chief designers which products to focus on and the designers almost ran the company into the ground. Glad we laid off thousands so McKinsey could tell them the obvious.
I just retired from a government entity and we paid McKinsey millions to tell us we were going a great job. SEPTA Philadelphia PA.
But wasn't it just wonderful to know that a bunch of overworked underpaid top performers told you you are doing a great job?
@@jaydee1987who said they are underpaid?
@@pratik4309 I did. I have a ton of friends who work in consulting in the big 4 as well as some in the boutique consultancies, ans the money they make vs the time they spend working to make it is quite ridiculous. Especially when they were juniors
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
@@jeffery_Automotive How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
I personally work with 'Julie Anne Hoover’’ she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
@@jeffery_Automotive Thanks for sharing this. I did my own little research, and your advisor looks advanced and experienced. I wrote her and dialed her twice but she didn't pick up so I scheduled a phone call.
The best consulting strategy is to ask your customers what they want and to give them exactly that. Your customers won't charge you. They will pay you to do what they ask
But theyll pay MORE for a strategy that brings their RESULTS, sales and bookings
I just read When McKinsey Comes to Town. Fascinating!
I’ve been in the vape industry (manufacturing, wholesale and retail) since 2015 and always wondered how Juul was able to pull off such big growth. Thank you Pat and team for putting this in perspective. 💯
@@RecoveryAdvocates true, it sure did on the user end but having first to come across salt nic still didn’t guarantee their massive growth, marketing did great of a job
As much as I dislike Pat's political outlook but I have to admit, I have and I still do learn a lot from his videos. Great Job Pat and team.
I know a few so called "consultants" personally. I also got caught in the middle of some consulting company and my employer. I can't speak for the huge companies that consult fortune 500 and Gov't agencies. But in my experience. Consulting companies for the common man and small businesses are all scammers, not capable of actually doing anything themselves. BTW, if you ever hear someone refer to themselves as a "life coach"...RUN! They're the worst.
I'm my own life coach 💪
If you need surgery, are you going to do some research and vet your surgeon?
Hire legit marketing and consulting with a proven track record. Duh.
Thinking that you need something outside of you to tell you what to do is a dangerous idea.
@@daMillenialTrucker we need more people like this
Guros
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2022
I would really love to know how much work you put to get to this stage?
I engage in various prolific Investments by compound interest & leveraging and as well operating with Investment Professional Hao Luo, So far I've attained returns of over $30K last month
Wow😊l know him and I have also been trading with him, he's such an amazing man with good skills, keeps me happy all week knowing I earn 15thousand extra income trading with him.
a friend once told me about this, please I just need someone to guide me and help me manage my trade
he helped me recover what I lost trying to trade my self
Love the idea about reducing price that will eventually yield profit... Def sets you apart from the competition
I have my Texas Instrument BA11Plus right in front of me, as you were saying most people don't even know who TI is. I use it all the time.
What I got from this is the money hire the money to make more money. They might get ideas from the common folks by using employees suggestions but the consultants take that idea and claim it as their own.
Read “The Firm” by Duff McDonald and “When McKinsey Comes to Town” (not sure about the author).
This is one of the best advertisements I've ever seen
Lol... The whole thing was an ad
Fantastic value in this, completely educated me from ignorance
Pat, excellent video! Would be great to also see and the evolution of IT consulting and services. It has evolved from pure “offshore and outsourcing” to mega corporations like TCS, Infosys and others. ~Chris
I've been a Consultant for the past 7 years. It's been a great time advising NGOs & SMEs to in East Africa. I would like to grow my firm to the Next level. Thanks PBD
My question is....WHAT are the goals of the consultation? Massive financial profits? Social Engineering? Making people's lives better? Over throwing other governments/systems?
Strategic change.
The agenda will always circumvent changes in control of markets or systems.
Yes
Just not the lives of the masses though
That would be entirely up to the people doing the consulting and who they choose to work with.
Instead of being black pilled and allowing your demoralization to cloud your judgement, OWN YOURSELF and your decisions about your future and your company.
Conduct yourself with integrity and you won't need to fear competition. You lose on all fronts due to your own irrationality.
@@MissChievousRNCan you post a reply that is relevant? It's like, there are letters and words, but none of that is relevant.
Patrick, legend 🎉.......Man ahead of his time 😊
Love your business videos. Thank you! Would love to see more.
It's not only for advice. I once read that it's also outsourcing responsibility in case something goes wrong based on an advice implemented.
Am not sure When, but i will definately meet you in one Day. you such a great guy i love your channel. Its all about Value
Pat always dropping bombs. Always living up to the brand of Valuetainment
One day, Patrick will run the world and he's bringing us up with him 💪💪
@@daMillenialTruckerno doubt. We are watching his rise
@Mr. Bet-David, Firstly great video and presentation as always👍, Secondly may I suggest having on Mike Dice as a guest on PBD Podcast regarding things relating to 'The Establishment'.
I remember getting my first texas instruments scientific calculator for school in the early 90's
Thank you very much for a wonderful overview of subscription service.
When i used to work at TUI AG (one of the biggest travel firms in the world) they brought in McKinsey and paid them millions for nothing. They realized that very late.
Minnect isn’t available in my Country. Can’t access it. No advice for us I guess
Everyone I knew at uni used a casio calculator. I used a texas instument and really felt the odd one out. I ended up getting a casio, still have one today.
You're right Patrick, when I was Majoring in Electronics Engineering in 2009 you definitely needed that Texas Instruments (T.I.85) calculator to do your work. Back then, it was $199 downstairs in the bookstore, plus tax! You needed that specific calculator for formulas and linear equations, but not only that, you couldn't take your midterms or finals if the professor saw you testing without it!! 🧐 😮
What!!?? You couldn't take your tests without it!? That's crazy!
@@KletoReese The College wouldn't allow it they'll throw you out of testing. It's a big money making scheme. Also you have to buy the professor's revised version of the textbooks, otherwise, you won't know the answers to their handwritten section of the test, which will drastically drop your grade! It's all about money! But you gotta do what you gotta do to get your degree. 😌
Back in 1995, my parents asked what I wanted for my birthday. I was in advanced math classes in high school and graphing calculators were just coming in. The teacher would have about 2 dozen in a pelican case, for students use. I wanted A TI85 but that was a $100-125 calculator. I felt it was a big ask and kinda felt bad about asking.
My parents got it for me, because I was putting in the work. I still have that TI85. Had tetris and another game loaded in it.
@jamiehollanger6560 You explained you needed that calculator incollege in 2009. When my child was in high school, 2014-2018, her math classes required the TI-85. Yes, high school. It wasn't $199 but it was still over $100.
@@iamkesha. Yes, The bookstore overcharged all of the college students for Everything!... It was a giant cash grab scheme. 🤔
What an amazing video!
Thanks for this amazing advice.
Looks like we found the reason why the opioid epidemic will continue. People helping these companies be successful and to produce more and more. Life is not just about money, we have a serious problem here that needs to be addressed. People are so worried about how big they can make their bank accounts. It makes me sick to hear the types of numbers companies spend when we have so many homeless people, people in poverty that can’t feed themselves, can’t buy groceries and gas. Working minimum wages that can’t keep up with inflation. And companies say if they raise wages they will go bankrupt, bull crap. Money makes people become selfish and greedy, to only protect what is yours and fearing that it will run out.
how would you fix the opioid pandemic ?
Let's be the change. Earn loads of money & show the world how big of an impact can we make using money to help those in need.
The top management consulting companies run the world. If you're a young grad though it's tough hours across a lot of industries.
Modern day white collar (graduate with debts) slavery.
Best place for young grads to get their feet wet with work and learning to manage. This is all garbage to get views. Nothing nefarious. Companies always need help getting projects started if that's not their core competency.
@@juicelino3867top MBA programs teach companies fail when they get out of their core competency so now the same MBA's go work in consulting saying get into things that aren't your core competency. you make no sense
If you divide the pay by number of hours you have to work as a consultant for these big firms, you make less than a McDonald's burger flipper.
@@deathlarsen7502 No. You make no sense. Go back and edit your post in an intelligible way. No punctuation, and I suspect missing words. We have no idea what you're trying to say.
I’ve used the app as a teacher and to get advice. It works well. The app takes 20 percent but the idea is solid.
PBD has aged so much so fast
I'm an email marketing expert. Wanted to sign up for the app but it only accepts Unites States profiles. Do you plan on letting other counties in any time soon?
Everyone needs to watch Steven Crowder's expose on Mckinsey
Beautiful.
Best of the year.
Help yourself .
#ONPASSIVE
Please talk to Ryan Cohen over at GameStop about consultants specifically Boston Consulting group 🙏🙏🙏
I worked for 3 of the top 4 consultants previously
4rabet ka support team bhi bohot helpful hai, koi bhi problem hoti hai toh turant resolve kar dete hain
GAMESTOP - VS. - BCG.
You should do an entire video on that.
BUY, HOLD, DRS your shares of GameStop, everyone.
Its important to distinguish that the big 4 have HUGE consulting arms and this is what they are in there for, not accounting.
PBD you’re a genius
Who holds liability for the advice through the app? I.e if someone was misadvised or something like that.???
Would love to meet you one day you’re awesome and so is the content!
quick note also the big 4 also all do strategic operations , the only thing is they are not allowed to do accounting and strategy at the same time. So they do it eery other period.
I have worked in Strategy Consulting but not in the Big 3 that is BCG, Bain and Mckinsey. It is basically lot of bull. Nicely packaged stuff. Focus is on making as money from the client as possible. Basically scamming the client. We have worked in projects in Industries where we hardly had any knowledge. But smart teams, well dressed, great speakers and presenters and sprout all the relevant jargon. Prepare a smart report, present and walk out with your fees. If the client asks the Consultant to implement their recommendations, in most cases the Consultant flees with his tail between his legs.
One quick question how successful alumini help these consultancy companies. Geninue curiosity
Very intense approach to important issues
Mind blown🤯
Patrick Bet David’s videos are the reason I found out about Y Combinator. Amazing how when you learn from him, not only do you gain new information, but you learn how to ask more industry specific questions on the YT search bar. I respect you man.🙌🏾😭
When will MINNECT be available in Africa?
Consultants are used to prove you spent your allocated budget so the next year you get the same budget. Consultants are also used as a way to launder money.
I have you ever consider adding a Spiritual consultation to the app? There are many serious spiritual teachers that would love to earn an income while answering questions. I’m one of them.
Thank you 🙏 for today.
From the WSJ today: McKinsey Cuts New Partner Class by Roughly 35%...in the latest sign that economic conditions have dented demand for high-price consultants.
any good books on starting a consulting firm or on consulting firms?
Mind opening video 👍🏻👍🏻👍🏻
I'm in! This is awesome
Ryan Cohen, CEO of Gamestop also has the same feelings towards these "consultants"
can you elaborate
I am inspired, thank you!
The trillion-dollar consulting industry plays a complex role in global affairs. While consulting firms offer legitimate services by employing knowledgeable experts, they also serve as conduits for questionable practices. Some hire former politicians and decision-makers to secure favorable deals or contracts through influence, paying them substantial sums in the process. This system allows for the covert exchange of large amounts of money, often involving offshore accounts, foundations, and other mechanisms, enabling corporations to navigate the intricacies of international business and politics. While not all consulting operations are nefarious, this dual nature of the industry continues to raise ethical concerns, highlighting the blurred lines between legitimate advice and covert influence.
How does it tie back to Blackrock and WEF?
PBD IS A G
Nothing is more influential than the Military industrial Complex. Thats who lays the ground work for these companies to operate internationally.
Mujhe 4ra ke crash games sabse interesting lagte hain, quick aur fun, kabhi bore nahi hote
Pat great content.
Steven Crowder did a video on them too, although he is a little more crude about it. Your delivery is much more approachable.
what points does he make
I want to be your Fitness and Well-being consultant Patrick.
I was one of the 1st Fitness instructors for Navy SEAL support and received endorsement from US SOCOM
Thank you brother
So it is so easy to lower product prices?
this might be thaaaa realest Nia in television/RUclips.... Yahawah bahashem Yahawasha barak ahtha! Keep it going Paul of Tarsus, we real ones luv what youre doing as a voice that is heard, saving our generation and more.... our future future generations!!!! thumbs up already subscrizzznibed baby!!!! I salute u!
4ra pe games bhi bohot interesting hain, aur fair play ka pura dhyan rakha jata hai
And yeah people pay crazy money for consultancy cause they actually need the consultation and advice unlike the insurance policies you're selling
Thanks again Pat
It's not available in the Kuala Lumpur/ Malaysia region. Please make it happen, sir. 🤞