TIP694: The Scuttlebutt Edge: From Research to Returns w/ Kyle Grieve
We Study Billionaires - The Investor’s Podcast Network
Rethinking Investment Strategies: The Power of Reflection and Customer Insights
This chapter emphasizes the importance of evaluating a company's future earnings potential over its asset value. It also discusses the benefits of maintaining a decision-making journal and engaging with customers and employees to enhance investment strategies.
In today's episode, Kyle Grieve will discuss the concept of scuttlebutt, made famous by Philip Fisher in Common Stocks and Uncommon Profits. You’ll learn why scuttlebutt is essential for building conviction and understanding both bullish and bearish perspectives, how it involves learning from key groups connected to a business, how asking the right questions can reveal valuable insights, why Industry specialists and strong networking are crucial for gathering expert knowledge, and how to utilize self-reflection, journaling to continuously improve your decision-making, and much more!
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:55 - Why scuttlebutt is so essential in building conviction and learning about a business.
03:32 - Why scuttlebutt can help you understand bullish and bearish perceptions on a business.
10:03 - The four parties related to a business that you should learn from.
26:34 - What you can learn and what questions to ask a business’s employees, from the people working at the “frontline” to the CEO.
36:49 - How Warren Buffett sleuthed GEICO, which was one of the most impactful events in his life.
49:50 - How to learn from industry specialists and what to ask to learn about specific companies or industries.
54:51 - Details on how Li Lu did scuttlebutt on a very successful investment in Timberland.
55:01 - Why networking is so crucial to the scuttlebutt process.
58:11 - How to use self-reflection and journaling to understand better your mistakes and how to avoid them in the future.
01:07:01 - My four-step framework for learning from my investing mistakes.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Buy Damn Right! Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger here.
- Follow Kyle on Twitter and LinkedIn.
- Check out all the books mentioned and discussed in our podcast episodes here.
- Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
- Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
- Check out our We Study Billionaires Starter Packs.
- Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
- Browse through all our episodes (complete with transcripts) here.
- Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Enjoy exclusive perks from our favorite Apps and Services.
- Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
The AI-powered Podcast Player
