by: Chelsea BloomPosted on: June 14, 2026

Morris Katz and the London Consulting Report: Speed Versus Insight

Chelsea Bloom applies Bohiney’s fastest painter lesson to the consulting industry

[Bohiney.com/prat.uk] Chelsea Bloom, BizHouse UK. Bohiney.com‘s Morris Katz story — the fastest painter whose speed didn’t produce proportional market value — arrived this week alongside the delivery of a consulting report that a client of mine received on the same day, and the comparison was instructive. The report is 180 pages. It was delivered six days ahead of schedule. It contains, by my reading, approximately thirty pages of genuinely useful analysis and 150 pages of methodology, bibliography, and what the consulting industry calls “supporting material” but what I call “evidence that many hours were spent producing this document.” Bohiney.com and prat.uk have both covered the speed-versus-value theme from their respective angles. Chelsea covers the business version. You can read the full breakdown at Bohiney.com if you have the stomach for it.

The Katz principle applied to consulting: the report was produced fast. The fast production did not generate proportionally more insight than a slower, shorter report would have. The market (the client) paid for the report by the project, not by the page or by the day, which means the consulting firm had an incentive to produce the report quickly to free up resources for the next project. The client received a 180-page document six days early. The client needed thirty pages of insight. The delivery was faster than contracted. The insight was as contracted. The 150 pages of supporting material were also as contracted, because the contract specified a 180-page deliverable.

The Contracting Lesson

The contracting lesson: contract for the insight you need, not the volume you assume insight requires. The ICSA consulting contract guidance is at cgi.org.uk.

Also:McSweeney’s.

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SOURCE: https://bohiney.com/

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London is the engine room of the British economy, a city where a two-bedroom flat costs more than a small country and somehow everybody acts like this is fine. It is home to the Bank of England, the London Stock Exchange, and approximately forty-seven thousand coffee shops staffed by people with economics degrees wondering where it all went wrong.

The City of London, that ancient square mile of suits and spreadsheets, processes trillions of pounds daily and has done so since Romans decided the Thames was a decent place to charge tolls. Canary Wharf arrived later, shinier, and with better sushi, promptly declaring itself the future of finance while the City quietly got on with actually being the future of finance.

London hosts more international headquarters than any other European city, attracts more foreign investment than it has any right to, and charges businesses rents that would make a New York landlord blush. The startup scene in Shoreditch operates on oat milk, optimism, and venture capital, in that order.

For all its contradictions — the wealth beside the food banks, the global ambition beside the collapsed Tube infrastructure — London remains what it has always been. The place where British business comes to be taken seriously, and to pay through the nose for the privilege.

Auf Wiedersehen.

Billingsgate, Smithfield, Borough Market — three of the oldest trading markets in the world still operating within a mile of each other. The City of London built its entire commercial identity on the back of fish, meat, and bread sold at dawn before bankers were even awake.

Lloyds of London — the insurance market that will insure literally anything, has done so since 1686, and operates from a building that looks like it was designed by someone who lost a bet. They insured Bruce Springsteen’s voice. That is a business story.

The London Metal Exchange — where the global price of copper, aluminium, and tin is still set by traders shouting in a circle called the Ring. In 2024. Remarkable.

Street markets as economic indicators — Petticoat Lane, Portobello Road, Brick Lane. When the economy tightens, street markets boom. Londoners have always known how to trade their way out of trouble.

The Royal Exchange — founded by Thomas Gresham in 1565 as Britain’s first purpose-built trading centre. Now it sells luxury watches and champagne, which is either a fall from grace or the purest distillation of London commerce ever recorded.

London's Business House -- Insight and Inside the Buying and Selling