The following video is part of our "Motley Fool Conversations" series, in which editor and analyst Isaac Pino and consumer goods editor/analyst Austin Smith discuss topics across the investing world.

In today's edition, Isaac and Austin discuss an industry that increasingly plays a pivotal role in the broader economy: consulting services. These companies touch all aspects of the economy, but they often fail to provide returns to investors for several reasons. Find out whether investors should completely avoid these firms, or whether there are a few bright spots in an otherwise volatile industry.