Brian Kozel

About Brian Kozel

Brian Kozel, CFP® is Partner and Lead Advisor at North Berkeley Wealth Management.

Olympic Trials & Tribulations

By |2021-07-23T14:03:46-07:00July 23rd, 2021|

The Olympics reliably provide great drama. Whether it’s enough to justify the cognitive dissonance of hammering forward with the Games amid a health crisis is another question

Cycles of Recovery

By |2021-07-16T13:49:30-07:00July 9th, 2021|

Q2 2021 Market Commentary
Global economic activity has picked up over the last three months, reflecting pent-up demand but still faces several road bumps as the pace of recovery varies between nations.

Echoes of Past Excess

By |2021-07-09T15:10:42-07:00June 25th, 2021|

Investors face the question of whether high equity prices are a sign of speculative excess or a reasonable conclusion based on pandemic-altered demand and a recovering economy.

Innovation Begins with Investment

By |2021-06-25T13:03:39-07:00June 11th, 2021|

In a showing of bipartisan support, the US Senate voted for the Innovation and Competition Act. It provides widespread support for research and development in technology and science, representing a long-term view that will hopefully drive needed patterns of change.

Help Wanted

By |2021-06-04T16:25:54-07:00May 21st, 2021|

The national employment headline numbers don’t tell the full story of a fraught employment landscape, with ‘help wanted’ signs outpacing job applications in recent weeks.

History as Context

By |2021-05-14T14:07:41-07:00May 7th, 2021|

Tax rates and mortgage rates are both on the rise. For some investors, these shifts may indicate negative trends for market prices and economic growth. If we zoom out for perspective, history tells us that these increases may not be such a bad thing.

Pinch Points

By |2021-05-14T14:08:16-07:00April 30th, 2021|

Many industries have been unprepared for rapid surges in demand caused by the pandemic. Notably, the lumber and microprocessor industries find themselves rationing scarce quantities through higher prices.

A Dash of Perspective

By |2021-05-07T13:43:12-07:00April 23rd, 2021|

One method of gaining perspective when faced with overwhelming data is to zoom out and understand how recent activity fits into a larger pattern. By doing this, we can gain a better understanding of the ‘relative progress’ during the pandemic versus the ‘absolute progress’ over a longer timeframe.

Money, Cryptocurrency, and the Value of Trust

By |2021-04-30T15:21:48-07:00April 16th, 2021|

Cryptocurrency is an evolution of money that currently hinges on its ability to solidify widespread trust in its functionality as a store of value and a medium of exchange. Trading platforms like Coinbase may add legitimacy and security to ownership of cryptocurrency.

Bottleneck at the Canal

By |2021-03-31T11:07:23-07:00March 26th, 2021|

Traffic on the Suez Canal is fully halted in both directions after the Ever Given became lodged in the embankment. Fascinating as it is, the bottleneck and the slowdown that it’s caused will ultimately be a short-term detour in the long-term trajectory of global trade.

When Bad News is Good News

By |2021-03-11T15:35:11-08:00March 5th, 2021|

Rising interest rates are a natural process in the re-opening of the economy and show that the market relationship between stocks and bonds is normalizing.

A Song of Ice and Fire

By |2021-02-26T15:04:23-08:00February 19th, 2021|

Complex systems like energy grids or financial markets aren’t perfect, but they are designed to be resilient. When catastrophes happen, resiliency matters more than perfection.

Unintended Opportunities

By |2021-02-26T15:05:10-08:00February 12th, 2021|

Covid-19 could shift from a pandemic disease to an endemic one. Businesses understand this shift and new and potentially lucrative Covid-19 business lines are quickly emerging.

Go, Go, GameStop?

By |2021-02-10T15:49:23-08:00January 29th, 2021|

The market gyrations caused by the bizarre and meteoric rise of GameStop stock illustrates the sharp contrast between short-term trading and long-term investing.

The Arc of Change

By |2021-02-05T17:27:14-08:00January 22nd, 2021|

The arc of change bends towards justice but it isn't guaranteed. It requires hard work and tireless effort stretching across generations.

Points of Consistency

By |2021-04-12T11:08:23-07:00January 15th, 2021|

Q4 2020 Market Commentary
As we enter 2021, we expect to encounter potholes as well as progress, with an uneven path to global economic recovery over at least another year or two.