My dad taught me that delegation is about trusting that the work will be done better than if I had done it myself. Not always because of the lack of skill, but sometimes because of the lack of time. Hiring out of frustration due to pack of time can lead to poor choices, and a difficultly in working with the new hire

It's great to see this topic being discussed. I've often wondered what it really meant to hire people smarter then you and then how to manage them - great insights here.