![]() ![]() Starting with competitors is an obvious part of analyzing a business, but you might be surprised at how easy it is to overlook.Īs we try to apply scuttlebutt investing to our research process as average investors, it should go without saying that we should try to read annual reports, and lots of them. I guess there’s nothing new under the sun. They comprise Porter’s “five forces” we can apply this to the scuttlebutt investing idea because it was also defined by Fisher as our “representative cross-section”. Most businesses have the following:Ī company is intimately involved with each of these major players, as they all can directly affect the profitability and success of a business. Porter also referred to it as the “five forces” let’s summarize the idea.Īlmost every business is part of a larger ecosystem. This idea of a representative cross-section of a company is also called “the value chain” by the very well-respected business school professor Michael Porter, and it is key to truly understanding a business. The idea of collecting multiple vantage points through the representative cross-section of a company is one of the simplest yet most powerful ideas for effective research for investing. It is amazing what an accurate picture of the relative points of strength and weakness of each company in an industry can be obtained from a representative cross-section of the opinions of those who in one way or another are concerned with any particular company. The business “grapevine” is a remarkable thing. In particular, I want to highlight the following section of the chapter: In essence, Fisher explains the process of scuttlebutt as talking to as many people as you can about a company that you are interested in a potential investment for. In the book, Fisher spends 3 short pages outlining “What ‘Scuttlebutt’ Can Do”. How Only Scuttlebutt Paints the True Picture of a Business Let’s get started on this simple but powerful method for finding great stock market opportunities today and over the rest of your life. Scuttlebutt: The True Picture of a Business.And I’ll show you how even the average investor can apply it, even if you don’t have access to top management. Today, I will show you why you should use a scuttlebutt investing approach to picking stocks. It refers to finding out about a business by talking to people in the industry. “Scuttlebutt” was a word invented by famed investor Philip Fisher in his bestselling Common Stocks and Uncommon Profits. But you can apply aspects of Philip Fisher’s scuttlebutt with the stocks you research. After all, many of us don’t work in the industry. ![]() ![]() Send us feedback about these examples.Scuttlebutt investing might not seem possible to average investors. These examples are programmatically compiled from various online sources to illustrate current usage of the word 'scuttlebutt.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. 2022 Instead, for the first time in nearly a decade, the scuttlebutt was about record demand, full schedules, and pruning client lists as the need for travel advisers balloons. 2022 This movie stands head and subzero-temp-cold shoulders above its peers in terms of salacious scuttlebutt, however. Mikhail Klimentov, Washington Post, 19 Sep. 2022 The scuttlebutt among journalists is that organizations know stuff about roster moves and partnership status around 2023, while players are kept almost completely in the dark. 2023 There's scuttlebutt that perhaps Treasury and IRS will issue a notice or two before 2023. 2022 Such was the scuttlebutt ahead of Tuesday’s 80th annual Golden Globes. 2023 Amid this turmoil, markets understandably loved the BOE’s intervention, and the scuttlebutt is that the central bank moved in part because big British pension funds and financial institutions were caught on the wrong side of these rapid shifts in market prices. 2022 Is the scuttlebutt around league circles suggesting that the scouting department couldn’t find a star with a telescope? - Greg Moore, The Arizona Republic, 23 Feb. Recent Examples on the Web With that attitude in mind, here are my projections for who and what will be nominated in the Oscars’ top six races, informed by industry scuttlebutt as well as recent nominations from the Screen Actors Guild, Producers Guild of America and Directors Guild of America. ![]()
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