This is not a technical term, it basically is going about any means possible to obtain information about a company & its operations.
As for your international question on LICs:
There is one highly regarded mutual that I hold and boast about its the Fairholme Fund run by the magnificent Bruce Berkowitz. He has an amazing temperament and behavior to business and stock selection, a faithful of the Warren Buffett school. And he is relatively young. A long term hold for me.
The Sequoia fund started by the brilliant Bill Ruane is another you can have a look at. Bill Ruane is a student of the Graham days with Buffett.
These are U.S funds, I believe unlike many that the U.S will continue to be the dominant financial powerhouse for many many decades to come.
other lics, page-63
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