Hacker News new | ask | show | jobs
by throwaway66920 2438 days ago
I believe this is the actual article

https://www.mckinsey.com/industries/financial-services/our-i...

Broadly it seems to be less extreme than Bloomberg’s summary and more nuanced to particular conditions.

I like how exhibit 6 is rotated to encourage reading it from either direction. Haven’t seen that before in charts.

3 comments

Ugh, I hate it when people do things like Exhibit 4 [0] - the size and coloration of the boxes does not match the numbers for the bottom two figures (with the lower-right quadrant in both being displayed as larger than the upper-right, despite having a lower number).

Lies, damned lies, statistics and misleading figures.

0: https://www.mckinsey.com/~/media/McKinsey/Industries/Financi...

I think I agree. It’s also just not a very good chart, error aside.
Thank you for posting the original source.
Well of course it's more nuanced. Bloomberg is about speed not MECE.
MECE

Mango-eating computer engineers?

No, that doesn't fit in based on the context clues...

Mutually Exclusive & Comprehensively Exhaustive. It's how to do bullet points according to McKinsey. They had to invent it in the 1960s because apparently by the 1960s no one at McKinsey was yet, you know, aware of the existence of centuries' worth of literature on formal logic. So they reinvented the wheel as far as that particular cultural achievement was concerened. Or the first millionth of it, to be more precise, and left it at that, because the rest of it would have no longer fit onto a single PowerPoint slide.
God, these consulting companies are the _worst_.
Alternatively, this is just some guy asserting that everyone at McKinsey thinks they invented a brand new concept, when in fact, it’s just a heuristic they teach people to communicate more effectively, because communication is hard.
I see you are unfamiliar with McKinsey.
What do you expect from a bunch of 24 year-old self-proclaimed "experts" fresh out of Harvard?
True. Pretending to know and being confident is half the battle though. "Managing Expectations." Useful skills imho
exotic acronym is exotic.