My mistakes have been one of most important sources of my learning, See some stuff here
Today let me give you another example from my personal experience for you
In year 2010, I learned about this technique and in a minute you will know where it came from
The scuttlebutt technique is inquiring and asking questions to various people with mutual interest or are involved with a certain company or industry. Asking suppliers, vendors, customers, competition, trade association executives, research scientist from universities or in government and previous employees may all be intangible sources of qualitative information.
Phillip Fisher had first coined the “scuttlebutt” technique when he wrote Common Stocks and Uncommon Profits
Now eager to use this technique, I went ahead and started applying this on HDFC bank,
Context
Our family business had recently started dealing with a new branch of the bank and our industry is famous for squeezing the last dime out of bank in terms of service. I thought it was a perfect opportunity for me to find about culture of the bank and how it operates through its employee and fellow customers. What unfolded over next few months really surprised me; I was a … Read the rest