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 into 2025 🔮. We also discuss the evolution of his research process and the new tools he's adopted 🛠️.

I hope you enjoy listening as much as I enjoyed having the conversation!

Photo: David and his brother Rich.

If you missed them, here are the previous four annual interviews I did with David:

* 📄 Interview with David Kim a.k.a. Scuttleblurb (2020)

* 📄 Interview with David Kim a.k.a. Scuttleblurb (2022)

* 🎧 Interview with David Kim a.k.a. Scuttleblurb (2023)

* 📄 Interview with David Kim a.k.a. Scuttleblurb (2024)

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Interview with David Kim a.k.a. Scuttleblurb (2025) 📈📉📊💰💸