The Investing City Podcast Ep. 40 - David Kim: Scuttleblurb
Sep 23, 2019
David Kim, founder of Scuttleblurb and partner at Forage Partners, delves into the key aspects of investing. He shares his journey from chart analysis to launching Scuttleblurb, emphasizing the importance of competitive advantages. Kim outlines effective strategies for business research, highlighting the need for unbiased insights. He discusses identifying investment opportunities by examining economies of scale and contrasts traditional and modern practices in the insurance sector. Finally, he reflects on daily routines that contribute to success and productivity.
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Moody's and the Financial Crisis
- David Kim witnessed Moody's pivotal role during the financial crisis firsthand at Fidelity.
- Other rating agencies tried to compete but failed due to the ingrained nature of Moody's in the system.
Protector Forsikring's Unique Model
- Protector Forsikring, a Norwegian insurance company, has a unique business model compared to its peers.
- It relies on brokers for distribution and takes on more underwriting risk, aiming for faster growth.
Guidewire's Challenge
- Guidewire, a modern ERP for insurers, faces the challenge of long sales cycles due to the industry's risk aversion.
- Gaining a client is hard, but once in, Guidewire becomes deeply embedded in their systems.