Scuttlebutt and Sleuthing: Unveiling the Secrets of Successful Investors w/ Kyle Grieve (TIP694)

Kyle Grieve will discuss scuttlebutt, popularized by Philip Fisher in Common Stocks and Uncommon Profits. You’ll learn why scuttlebutt is essential for building conviction and understanding bullish and bearish views, how it involves learning from key business groups, the importance of asking the right questions for valuable insights, and the role of industry specialists and networking in gathering expert knowledge. Additionally, discover how to use self-reflection and journaling to improve decision-making and more!

IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:00:25 - Why scuttlebutt is so essential in building conviction and learning about a business
00:02:26 - Why scuttlebutt can help you understand bullish and bearish perceptions on a business
00:08:27 - The four parties related to a business that you should learn from
00:21:42 - What you can learn and what questions to ask a business’s employees, from the people working at the “frontline” to the CEO
00:32:30 - How Warren Buffett sleuthed GEICO, which was one of the most impactful events in his life
00:46:19 - How to learn from industry specialists and what to ask to learn about specific companies or industries
00:49:38 - Details on how Li Lu did scuttlebutt on a very successful investment in Timberland
00:51:47 - Why networking is so crucial to the scuttlebutt process
00:54:18 - How to use self-reflection and journaling to understand better your mistakes and how to avoid them in the future
01:04:04 - My four-step framework for learning from my investing mistakes