Shows
Never SellSerial Acquirer ROIC, Fiserv Debacle and Management Credibility, Wise and StablecoinsMBI: https://www.mbi-deepdives.com/scuttleblurb:https://www.scuttleblurb.com/
2025-11-301h 02Never SellThe Big Tech Capex Debate, Amazon Retail, Align’s Pricing ChallengeMBI: https://www.mbi-deepdives.com/scuttleblurb:https://www.scuttleblurb.com/
2025-11-031h 03Never SellLululemon, Align, LLMs and Newsletters, Portfolio Holdings, Right for the Right ReasonsMBI: https://www.mbi-deepdives.com/scuttleblurb:https://www.scuttleblurb.com/
2025-09-2958 min
scuttleblurb[ALGN] Invisalign: Still the Clear Choice?Classichttps://www.scuttleblurb.com/Substackhttps://scuttleblurb.substack.com/
2025-09-0706 minNever SellNever Sell: Episode 9 - Global Payments, AI and Software, OpenAI and Anthropic Bubble?MBI: https://www.mbi-deepdives.com/scuttleblurb:https://www.scuttleblurb.com/
2025-08-2557 minscuttleblurb[GPN] Global Payments (preview)Classic:https://www.scuttleblurb.com/Substack: https://scuttleblurb.substack.com/
2025-08-1706 minNever SellNever Sell: Episode 8 - AI, Meta, Process, Pods, WritingMBI: https://www.mbi-deepdives.com/scuttleblurb:https://www.scuttleblurb.com/
2025-08-0350 minscuttleblurb[SES.TO] From Wellhead to Landfill: How SECURE Built a Duopoly in Oilfield WasteClassic:https://www.scuttleblurb.com/Substack:https://scuttleblurb.substack.com/
2025-07-2705 minscuttleblurbDayforce and WorkdayClassic:https://www.scuttleblurb.com/Substack:https://scuttleblurb.substack.com/
2025-07-1409 minNever SellNever Sell: Episode 7 - APi GroupIn this conversation, Scuttleblurb and MBI discuss API Group, focusing on its business segments, particularly fire safety and inspections. They explore the company's transition from project-based work to a more stable inspection and service model, the challenges faced in project work, and the significant acquisition of Chubb. The discussion also touches on Martin Franklin's role in the SPAC dynamics, the company's organic growth strategies, and future prospects.MBI: https://www.mbi-deepdives.com/scuttleblurb:https://www.scuttleblurb.com/
2025-06-301h 06scuttleblurbA tour through HR and payroll processing software: part 2a (Rippling, Deel, UKG)Classic:https://www.scuttleblurb.com/hcm2a/Substack:https://scuttleblurb.substack.com/p/hcm2a
2025-06-1806 minNever SellNever Sell: Episode 6 - Airbnb and BookingInvestment research conversations between MBI and scuttleblurb.MBI:https://www.mbi-deepdives.com/scuttleblurb:https://www.scuttleblurb.com/
2025-06-031h 27scuttleblurbA tour through HR and payroll processing software part 1 (Paycor, PAYC, PCTY)Classichttps://www.scuttleblurb.com/hcm_part1/Substackhttps://scuttleblurb.substack.com/p/hcm-p1
2025-05-2708 minNever SellNever Sell: Episode 5 - Cadence and SynopsysInvestment research conversations between MBI and scuttleblurb.MBI:https://www.mbi-deepdives.com/scuttleblurb:https://www.scuttleblurb.com/
2025-04-301h 11scuttleblurbCadence, Synopsys, and the Future of Chip DesignClassic: https://www.scuttleblurb.com/cdns_snps2/Substack:https://scuttleblurb.substack.com/p/cdns-snps2
2025-04-2806 minNever SellNever Sell: Episode 4 - AdobeInvestment research conversations between MBI and scuttleblurb.MBI:https://www.mbi-deepdives.com/scuttleblurb:https://www.scuttleblurb.com/
2025-03-311h 06Never SellNever Sell: Episode 3 - Deep ResearchInvestment research conversations between MBI and scuttleblurb.MBI:https://www.mbi-deepdives.com/scuttleblurb:https://www.scuttleblurb.com/
2025-02-2456 minNever SellNever Sell: Episode 2 - XPELInvestment research conversations between MBI and scuttleblurb.MBI:https://www.mbi-deepdives.com/scuttleblurb:https://www.scuttleblurb.com/
2025-01-271h 07scuttleblurb[MRVI] Maravai LifesciencesClassichttps://www.scuttleblurb.com/mrvi/Substackhttps://scuttleblurb.substack.com/p/mrvi-maravai-lifesciences
2025-01-2707 min
Liberty's HighlightsInterview with David Kim a.k.a. Scuttleblurb (2025) 📈📉📊💰💸One of my very favorite annual traditions is conducting this interview with my friend David Kim, aka Scuttleblurb (🕵📝).His investment research journal/company deep dives/business explorations were a key inspiration for this 🚢 steamboat. While the format is different, I hope there are similarities in the spirit. And I know that he has influenced and inspired many others — especially the good ones!In our conversation this year — the fifth one! — we explore the State of Scuttleblurb 📊, his analyses of key industries and companies from the past year 🏭, and our perspective on the market looking back at 2024 and heading i...
2025-01-1738 minscuttleblurb[SNA – Snap-On] when brand meets distributionClassichttps://www.scuttleblurb.com/sna/Substackhttps://scuttleblurb.substack.com/p/sna-snap-on-when-brand-meets-distribution
2024-12-1207 minscuttleblurbwhat did Warren Buffett see in Simpson Manufacturing?Classic:https://www.scuttleblurb.com/ssd/Substack:https://scuttleblurb.substack.com/p/ssd
2024-11-2505 minscuttleblurbBuilding materials: part 2a (LPX, JHX)Classic:https://www.scuttleblurb.com/building-materials-part-2a-lpx-jhx/Substack:https://scuttleblurb.substack.com/p/building-materials-part-2a-lpx-jhx
2024-08-0507 min
Liberty's HighlightsThe Last of Us: Going Deep on HBO's Amazing Show with Matt Reustle and Tinkered Thinking 🍄🚨 SPOILERS SPOILERS SPOILERS 🚨 If you haven’t seen the show, bookmark this and come back after you’ve seen it. It’s a show worth seeing without spoilers!I’m very pleased that my friends Matt Reustle (🎧🎙️) and Tinkered Thinking (✍️📚) joined me to discuss what may very well turn out to be my favorite TV shows of the year.Above is one of my fave shots. I’m mad that I forgot to mention it in the podcast!Context: Joel wakes up in a panic because he fell asleep during his night watch. He turns around an...
2023-04-111h 34
Liberty's HighlightsBig Tech Compensation: Going Deep with MBIWhat could be more exciting than carefully reading through Big Tech proxy statements to look at management incentives, comparing them across companies to see what’s similar and different, what we like and don’t like, and how they rank from best to worst..?If this is not your bag, you’re in luck! MBI did this work for you and shared his findings in a post.But that’s just a starting point: In today’s episode, we go deep into Big Tech compensation, and MBI shares additional thoughts and analysis based on feedback he receive...
2023-02-0753 min
Liberty's HighlightsInterview with David Kim a.k.a. Scuttleblurb (2023 Edition: Exploration as a Service)David Kim is the author of Scuttleblurb (now also on Substack! More on that new development in the podcast).This is the third time I have interviewed David — he’s that interesting! For more context, you can find the previous two interviews linked below.In this one, David shares his journey as an investor, talks about how Scuttleblurb started and how it’s doing these days, and who inspired him to get started (if Scuttleblurb is the grand-daddy of a lot of current ‘deep dive’ newsletters, who’s the great-grand-daddy?).It’s a two-way conver...
2023-01-2657 min
Business BreakdownsThe Home Depot: The Pro Builder’s ChoiceThis is Matt Reustle and today we are breaking down the home improvement giant, The Home Depot. In the US, The Home Depot is a key ingredient to a nice little Saturday but beyond the power tools and building supplies is an excellent story of business execution. Why has Home Depot been such a strong performer following a housing crash in the e-commerce revolution? I’m joined by Sean Stannard-Stockton of Ensemble Capital to break that down. We cover how Home Depot transitioned their approach to business, from customer focus to capital allocation, and while Home Depot has reported st...
2022-11-0256 min
Liberty's HighlightsGoing deep on Payments with Mostly Borrowed Ideas (MBI): Adyen, PayPal, Stripe, Square, Amazon, Apple Pay, Google Pay, Visa, Mastercard!🎧 Listen on SpotifyIf you prefer to listen on Spotify, here’s the feed:* Liberty’s Highlights podcast feed on Spotify🎧 Listen on Apple PodcastsHere’s the podcast feed on Apple Podcasts:* Liberty’s Highlights podcast on Apple📺 Watch on YouTube📃 Full transcript* Full transcript of this podcast with MBI about paymentsI really enjoyed this conversation about the payments space and I hope you will too! $PYPL $SQ $AAPL $GOOG $AMZN If you want to dig deeper, here are...
2022-07-121h 11
scuttleblurb$ALGN, $SDC - Brand, Scale Economies, And Vertical Integration$ALGN, $SDC - Brand, Scale Economies, And Vertical Integration by scuttleblurb
2021-06-0248 min
scuttleblurb$ALGN, $SDC - Brand, Scale Economies, And Vertical Integration$ALGN, $SDC - Brand, Scale Economies, And Vertical Integration by scuttleblurb
2021-06-0248 min
Jak investovatJiří Dopita: Fundamentální analýza společnosti VIASAT a JST, TGYM, PGR, WINERozhovor s Jiřím Dopitou z akciového fondu VAULT, který navazuje na podcast s Jakubem Skryjou (o založení fondu VAULT, jeho investiční strategii a akciích v portfoliu). Jirka v rozhovoru mluvil o změnách v portfoliu za první kvartál tohoto roku a podrobně popsal fundamentální analýzu společnosti Viasat, kterou nedávno nakoupili do portfolia. Kromě společnosti Viasat také zmínil Naked Wines, JOST Werke, Technogym nebo The Progressive Corporation.Akcie: VSAT, JST, TGYM, PGR, WINE Bio: Jiří má 6 let zkušeností na kapitálových trzích, zejm...
2021-05-1449 min
Nathan Barry Archive027: Nathan Baschez - Find Your Best Ideas With a Newsletter MastermindToday’s interview is with Nathan Baschez. There aren’t too many people more familiar with the creator economy than Nathan. He started his own company with Hardbound and was the first employee and VP of Product at Substack in the early days.Now Nathan runs a company called Every, which is a bundle of premium newsletters. In this episode we dive into how Nathan creates tons of high-quality content every week, and how to facilitate your ideas with a newsletter “mastermind” group.We also get into a great discussion about pricing and churn for premium...
2021-03-011h 06
Yield on Cost Podcast026 - Pool Corp: A high Quality Dividend Grower Priced Too HighPool Corp keeps popping up on our high-quality dividend growth screens so why don't we own it? Glenn breaks down how Pool Corp's builds a business moat with its distributor model, the catalysts and risks to Pool Corp's future growth, and why we think Pool Corp is too expensive right now.
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2020-11-0912 min
scuttleblurbfat tail investing, never selling, $fergy, $wsoAaron SallenMerion Road Capital Managementwww.merionroadcapital.com/Twitter: @aaronjsallenDavid Kimwww.scuttleblurb.com/Twitter: @scuttleblurb
2020-08-2240 minscuttleblurbfat tail investing, never selling, $fergy, $wsoAaron Sallen
Merion Road Capital Management
www.merionroadcapital.com/
Twitter: @aaronjsallen
David Kim
www.scuttleblurb.com/
Twitter: @scuttleblurb
2020-08-2200 min
Yet Another Value PodcastDavid Kim from Scuttleblurb on Carvana $CVNADavid Kim from Scuttleblurb (https://www.scuttleblurb.com/) comes on to talk about his research process and Carvana (CVNA).
2020-08-111h 06
OMD DAILY#50 - Learning Medley on Indonesia’s e-Commerce market, stories of Patagonia & The North Face and Intuit’s business modelJuly 17, 2020: A series of learnings from various sources/methods. Learning about the Indonesian e-Commerce landscape and its dominant Tokopedia platform from a conversation, Patagonia and The North Face’s founding stories and the power of their brand from the Business Wars podcast and thinking about Intuit’s business model after learning Scuttleblurb’s article. Find detailed notes of the episode on omdventures.com/omddailySupport the podcast by donating at omdventures.com/stakeholderMusic by icons8.com
2020-07-2032 min
scuttleblurb[ADS] Alliance Data Systemshttps://www.scuttleblurb.com/ads2/ (paywall)Aaron SallenMerion Road Capital Managementwww.merionroadcapital.com/Twitter: @aaronjsallenDavid Kimwww.scuttleblurb.com/Twitter: @scuttleblurb
2019-12-1033 minscuttleblurb[ADS] Alliance Data Systemshttps://www.scuttleblurb.com/ads2/ (paywall)
Aaron Sallen
Merion Road Capital Management
www.merionroadcapital.com/
Twitter: @aaronjsallen
David Kim
www.scuttleblurb.com/
Twitter: @scuttleblurb
2019-12-1000 min
The Investing City PodcastEp. 40 - David Kim: ScuttleblurbOn this episode we had David Kim, founder of the blog Scuttleblurb and partner of Forage Partners.
David is a great investor who has a deep understanding of business models and competitive advantages.
You don't want to miss this one.
Thank you so much for listening, we really appreciate you.
If you have found this valuable, please consider leaving us a review as it will help more people find it! Thanks you're awesome!
You can find more information and content
by going to these places:
Premium Research
Website: https://www.investingcity.org
YouTube: Investing City
Twitter: investing_city
Instagram: investing...
2019-09-2336 min
The Investing City PodcastEp. 40 - David Kim: ScuttleblurbOn this episode we had David Kim, founder of the blog Scuttleblurb and partner of Forage Partners. David is a great investor who has a deep understanding of business models and competitive advantages. You don't want to miss this one. Thank you so much for listening, we really appreciate you.If you have found this valuable, please consider leaving us a review as it will help more people find it! Thanks you're awesome!You can find more information and contentby going to these...
2019-09-2336 minscuttleblurbEp 9: Chewy, Zooplushttps://www.scuttleblurb.com/zooplus/ (paywall)
Aaron Sallen
Merion Road Capital Management
www.merionroadcapital.com/
Twitter: @aaronjsallen
David Kim
www.scuttleblurb.com/
Twitter: @scuttleblurb
2019-09-0400 min
scuttleblurbEp 9: Chewy, Zooplushttps://www.scuttleblurb.com/zooplus/ (paywall)Aaron SallenMerion Road Capital Managementwww.merionroadcapital.com/Twitter: @aaronjsallenDavid Kimwww.scuttleblurb.com/Twitter: @scuttleblurb
2019-09-0423 min
scuttleblurbEpisode 8 - GAIA: A Bridge Too Farhttps://www.scuttleblurb.com/gaia-interesting-company/https://ir.gaia.com/Aaron SallenMerion Road Capital Managementwww.merionroadcapital.com/Twitter: @aaronjsallenDavid Kimwww.scuttleblurb.com/Twitter: @scuttleblurb
2019-06-1422 minscuttleblurbEpisode 8 - GAIA: A Bridge Too Farhttps://www.scuttleblurb.com/gaia-interesting-company/
https://ir.gaia.com/
Aaron Sallen
Merion Road Capital Management
www.merionroadcapital.com/
Twitter: @aaronjsallen
David Kim
www.scuttleblurb.com/
Twitter: @scuttleblurb
2019-06-1400 min
scuttleblurbEpisode 7 Media With Andrew Walker Of Rangeley CapitalIn this episode, Aaron and I discuss media with Andrew Walker of Rangeley CapitalAndrew Walkeryetanothervalueblog.comTwitter: @AndrewRangeleyAaron SallenMerion Road Capital Managementwww.merionroadcapital.com/Twitter: @aaronjsallenDavid Kimwww.scuttleblurb.com/Twitter: @scuttleblurb
2019-05-0856 minscuttleblurbEpisode 7 Media With Andrew Walker Of Rangeley CapitalIn this episode, Aaron and I discuss media with Andrew Walker of Rangeley Capital
Andrew Walker
yetanothervalueblog.com
Twitter: @AndrewRangeley
Aaron Sallen
Merion Road Capital Management
www.merionroadcapital.com/
Twitter: @aaronjsallen
David Kim
www.scuttleblurb.com/
Twitter: @scuttleblurb
2019-05-0800 min
scuttleblurbEp 6 (equipment Rentals, Scuttleblurb)In this episode, Aaron talks about starting a construction equipment rental marketplace (starting at 2:00) and I talk about getting scuttleblurb off the ground (starting at 20:00)David Kimwww.scuttleblurb.com/Twitter: @scuttleblurbAaron SallenMerion Road Capital Managementwww.merionroadcapital.com/Twitter: @aaronjsallen
2019-04-0432 minscuttleblurbEp 6 (equipment Rentals, Scuttleblurb)In this episode, Aaron talks about starting a construction equipment rental marketplace (starting at 2:00) and I talk about getting scuttleblurb off the ground (starting at 20:00)
David Kim
www.scuttleblurb.com/
Twitter: @scuttleblurb
Aaron Sallen
Merion Road Capital Management
www.merionroadcapital.com/
Twitter: @aaronjsallen
2019-04-0400 min
scuttleblurbEp 5 - Status, Standards, And Ratings With @BluegrassCapStatus as a Service by Eugene Weihttps://www.eugenewei.com/blog/2019/2/19/status-as-a-serviceThe Luxury Strategy by Jean-Noel Kapfererhttps://www.amazon.com/Luxury-Strategy-Break-Marketing-Brands/dp/0749464917scuttleblurb post on Moody'shttps://www.scuttleblurb.com/mco/BluegrassCapTwitter: @BluegrassCapDavid Kimwww.scuttleblurb.com/Twitter: @scuttleblurbAaron SallenMerion Road Capital Managementwww.merionroadcapital.com/Twitter: @aaronjsallen
2019-03-041h 02scuttleblurbEp 5 - Status, Standards, And Ratings With @BluegrassCapStatus as a Service by Eugene Wei
https://www.eugenewei.com/blog/2019/2/19/status-as-a-service
The Luxury Strategy by Jean-Noel Kapferer
https://www.amazon.com/Luxury-Strategy-Break-Marketing-Brands/dp/0749464917
scuttleblurb post on Moody's
https://www.scuttleblurb.com/mco/
BluegrassCap
Twitter: @BluegrassCap
David Kim
www.scuttleblurb.com/
Twitter: @scuttleblurb
Aaron Sallen
Merion Road Capital Management
www.merionroadcapital.com/
Twitter: @aaronjsallen
2019-03-0400 minscuttleblurbEpisode 4 (CNNE, CDAY)David Kim
www.scuttleblurb.com/
Twitter: @scuttleblurb
Aaron Sallen
Merion Road Capital Management
www.merionroadcapital.com/
Twitter: @aaronjsallen
2019-02-1500 min
scuttleblurbEpisode 4 (CNNE, CDAY)David Kimwww.scuttleblurb.com/Twitter: @scuttleblurbAaron SallenMerion Road Capital Managementwww.merionroadcapital.com/Twitter: @aaronjsallen
2019-02-1532 minscuttleblurbEpisode 3 (CPRT, KAR/IAA)CPRT Write-Up:
https://www.scuttleblurb.com/cprt_kar/
David Kim
https://www.scuttleblurb.com/
Twitter: @scuttleblurb
Aaron Sallen
Merion Road Capital Management
https://www.merionroadcapital.com/
Twitter: @aaronjsallen
2019-01-1000 min
scuttleblurbEpisode 3 (CPRT, KAR/IAA)CPRT Write-Up:https://www.scuttleblurb.com/cprt_kar/David Kimhttps://www.scuttleblurb.com/Twitter: @scuttleblurbAaron SallenMerion Road Capital Managementhttps://www.merionroadcapital.com/Twitter: @aaronjsallen
2019-01-1028 minscuttleblurbDWDP; RCKY; Metrics vs. ExplanationsDavid Kim
https://www.scuttleblurb.com/
Twitter: @scuttleblurb
Aaron Sallen
Merion Road Capital Management
https://www.merionroadcapital.com/
Twitter: @aaronjsallen
2018-12-1000 min
scuttleblurbDWDP; RCKY; Metrics vs. ExplanationsDavid Kimhttps://www.scuttleblurb.com/Twitter: @scuttleblurbAaron SallenMerion Road Capital Managementhttps://www.merionroadcapital.com/Twitter: @aaronjsallen
2018-12-1032 min
scuttleblurbEpisode 1 (BXC, ZG, WIZZ, PRMW)David Kim
scuttleblurb.com
Twitter: @scuttleblurb
Aaron Sallen
Merion Road Capital Management
https://www.merionroadcapital.com/
Twitter: @aaronjsallen
2018-11-1500 min
scuttleblurbEpisode 1 (BXC, ZG, WIZZ, PRMW)David Kimscuttleblurb.comTwitter: @scuttleblurbAaron SallenMerion Road Capital Managementhttps://www.merionroadcapital.com/Twitter: @aaronjsallen
2018-11-1526 min