Different Makes a Difference

The Odlum Brown Research Blog

  • We Are More Alike Than We Are Unalike

    By Steve Boland CFA Equity Analyst
    Wednesday, January 18, 2017
    One of my favourite TV commercials is an Apple iPhone advertisement that aired during the 2016 Summer Olympics. It featured iPhone photos of individuals from all around the world. The late poet and civil rights activist Maya Angelou provides a voiceover, delivering part of her poem “Human Family”. In closing she twice recites the verse, “We are more alike, my friends, than we are unalike.” This is a powerful social statement. Interestingly, it can also be thought of in the context of investing.
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  • Trump Victory Reinforces Conservative Stance

    By Murray Leith CFA, Executive Vice President & Director, Investment Research
    Wednesday, November 09, 2016
    We caution investors from fearing the worst. Trump will likely be forced to moderate his positions on many fronts, given that the president doesn’t have much autonomous power and needs to work with Congress to get things done. In other words, what Trump said to get elected and what he does or is able to do will likely be very different. Indeed, markets were recovering from their worst levels as Trump talked about bringing the country together during his acceptance speech.
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  • Excuses – A Saviour of Mediocrity

    By Steve Boland CFA Equity Analyst
    Thursday, September 22, 2016
    “Structural differences” is a commonly used phrase to help explain underperformance, and the rationale usually sounds reasonable. However, it is worth approaching “structural difference” arguments with a hint of skepticism. Such defences can be an excuse by underperforming management to protect their jobs, which can leave a company and its shareholders mired in mediocrity.
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  • What if Trump is President?

    By Murray Leith CFA, Executive Vice President & Director, Investment Research
    Thursday, September 01, 2016
    What will the stock market do if Trump is President? That’s a good and fair question. Unfortunately, it’s a tough question to answer.
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  • Can Financial Services Weather The Silicon Valley Storm?

    By Benjamin Sinclair HBA, CFA, Equity Analyst
    Thursday, August 11, 2016
    More than ever, financial technology companies are threatening banks, insurers, wealth managers, and other financial institutions. Consulting giant McKinsey said that up to 60% of consumer finance profits will be at risk by 2025.
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  • Keep Calm and Carry On: Investors are Overreacting to the Brexit Vote

    By Murray Leith CFA, Executive Vice President & Director, Investment Research
    Friday, June 24, 2016
    The Brexit vote is a symptom of a troubled world. Social unrest and protectionism are on the rise because there is too much debt in the world and not enough sensible leadership. This is a theme we have been talking about for a long time. Our outlook for sluggish global growth does not change as a consequence of the Leave vote.
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