![]() Originally, any opening or hatch on a ship was called a “scuttle,” possibly drawn from the French “escoutille” (hatchway). The “butt” in “scuttlebutt” is simply a very old English word meaning “cask” or “barrel.” The “scuttlebutt” was originally “scuttled-butt,” from the verb “to scuttle,” meaning “to cut or bore a hole in something” (specifically “to cut a hole in the hull of a ship n order to sink it”). As in modern offices, the ship’s “scuttlebutt” was where you heard the news of the day and traded the latest gossip. It’s appropriate that the term “scuttlebutt” is used for this social ritual, because the “scuttlebutt” aboard a sailing ship in the 18th century was, essentially, the ship’s water cooler - a cask of drinking water kept on the deck for use by the crew. It’s the sort of talk that stereotypically takes place when office workers encounter each other at the water cooler or coffee machine and trade news and complaints about the latest depredations of management. Today we use the term “scuttlebutt” to mean rumors, gossip or insider news, especially of the sort that circulates within an organization, whether a corporate office or a military unit. ![]() But in this case, CANOE ain’t crazy there really is a nautical origin to “scuttlebutt.” And it’s true that the Royal Navy in the 18th century is almost as popular as Medieval villages in just-so word origin tales. Speaking of in-jokes, etymologists joke that there’s a shadowy cabal out there called the Committee to Ascribe a Nautical Origin to Everything (CANOE) promulgating the idea that nearly every English word or phrase comes somehow from the Age of Sail and tall ships. And to this day, I can’t read the word “scuttlebutt” without hearing it in Robert Newton’s wonderful pirate voice. They eventually clued humorist Dave Barry in on the joke, he promoted it, and here we are. According to Wikipedia (which I trust on such topics), ITLPD began when two guys in Oregon, John Baur and Mark Summers, were playing racquetball and one was injured, reacting to the pain with “Aaarrr!” Apparently this reminded them of the distinctive pirate dialect of the character Long John Silver, played by the great Robert Newton in the 1950 Disney film of Robert Louis Stevenson’s “Treasure Island,” and an in-joke was born. You know, of course, that 2012 marked the tenth anniversary of International Talk Like a Pirate Day. Company's former and present employees views.Dear Word Detective: Did the term “scuttlebutt” come to or from nautical usage? - Mike Henderson.Īaarrr, Matey.Social Networks: like Google trends, LinkedIn, Facebook and Glassdoor.This can be for searched to make investment decisions since it contains a wealth of information Company's Financial Report, for example, 10-K, and 10-Q: this is an annual summary report required by the US Securities and Exchange Commission to be filed by a company on its financial performance.The Pew Research Center: provides information on social and economic trends.Sources from which non-material information can be gathered: Both names can be used interchangeably since they both piece together non-material information though the mosaic theory is more formal. The scuttlebutt method can be used by semi-expert or people who cannot afford professional services. The method refers to the gathering of information by talking to the general public, like the customers, employees, competitors, experts or vendors. The Scuttlebutt Method was popularized by Philip Fisher in his book titled -Common Stocks and Uncommon Profits' '. As much as possible, the analysts should avoid the illegal use of the material and non-public information. ![]() The difference between mosaic theory and insider trading may be based on the sources of information gathered. Raj Rajaratnam, founder of Galleon Group, and some of his colleagues were found guilty of insider trading even though his lawyers used the mosaic theory as a defense. There is a slight difference between insider trading and the mosaic theory. The mosaic theory is based on the transparency of companies relating to their profitability. The mosaic theory analysis method is recognized by the CFA institute as legal. Back to: BUSINESS & PERSONAL FINANCE How Does the Mosaic Theory Work?įor the information gathered not to be considered illegal, it must conform to the rules of confidentiality of the company. The analysts make use of material, non-material, public and non-public to draw out the conclusion. The Mosaic theory is used to measure the economic stability of the company. The mosaic theory is an approach where analysts piece together information to arrive at a conclusion concerning a company. Security analysts in the finance world use the mosaic theory. Update Table of Contents What is the Mosaic Theory? How Does the Mosaic Theory Work? Mosaic Theory and Scuttlebutt Method Mosaic Theory Practical Application What is the Mosaic Theory?
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