![]() 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. These desertions are not caused by discontentment on the ship, but as far as can be learned via “scuttle butt,” by lack of consideration for this class of vessel in the Department, and the idea of completing a four-year cruise on this Station, everyone believing that after two years they should be sent to duty in the United States, their home country, as the European navies do.Īnd this explanation isn’t just scuttlebutt it’s documented.Scuttlebutt investing might not seem possible to average investors. Extra editions of the “Scuttle Butt News” were published at frequent intervals, and each number contained the latest dope as to our future movements.Īnd by 1913 we start to see scuttlebutt used as a noun. It’s unclear whether “Scuttle Butt News” was an actual publication, or just a nickname for rumor:Īt each meal, and when groups gathered together in their part of the ship for a talkfest, speculation was rife as to where we were going and why. Press stories and scuttle butt rumors put the Buffalo in the society class by stating a fair young demoiselle of the Hawaiian group secreted herself in the intricacies of the transport’s lower decks and rode undisturbed into San Francisco.Īnd there is this from William Richmond’s 1912 Nine Months on a Cruise. The rumor committee, otherwise known as the “Scuttle-butt Navigators,” to which every man on board was elected as a life member the moment he promulgated a rumor, was soon actively engaged, and it was definitely settled the Yankee was to become the flagship of the whole fleet, our captain made lord high admiral, and the whole Spanish nation swept off the face of the globe in about thirteen and a half seconds by the chronometer.Īnd in 1910 we get this from the Our Navy newspaper: ![]() From an account published by Henry Harrison Lewis from sailors aboard a US Navy vessel during the Spanish-American War of 1898: In the transition from cask to rumor, we see the word first used as an adjective. It is in the US Navy that we see scuttlebutt shift from a jargon term for a physical object to the slang sense of gossip and rumor. There is no part of a frigate where you will see more going and coming of strangers, and overhear more greetings and gossipings of acquaintances, than in the immediate vicinity of the scuttle-butt, just forward of the main-hatch- way, on the gun-deck.īut as steam replaced sails and pipes replaced wooden casks, the need for literal scuttlebutts on-board ship faded, but the word hung on in reference to the conversations and rumors that had once taken took place there. (That analogy is perhaps a bit dated now, though.) This practice is referred to in Herman Melville’s 1850 novel White-Jacket, which is based on his time aboard the frigate USS United States from 1843–44. ![]() Naturally, sailors would gather around the scuttlebutt and talk, much as twentieth-century office workers would gather around the watercooler. Therefore, a scuttlebutt is a water cask with a hole punched in it from which water can be drawn. A scuttle is a hole, and a butt is a barrel or cask. The word arises in nautical jargon of the days of sail where a scuttlebutt was literally a cask containing drinking water for those on-board ship. Scuttlebutt is slang for gossip and rumor.
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