Brian Kozel

Rather than measuring debt as a percentage of GDP, which is primarily an income measure, measuring debt against total assets paints a far more solvent picture. 

Whether in planning, investing, or parenting, the best outcomes typically arise when you remain focused on the bigger picture rather than the swirl of daily headlines.

Even though stocks haven’t traditionally done as well from May through October, they still tend to go up, suggesting that staying fully invested has been more reliable than attempting to time the market. 

While overall spending remains strong, early cracks are emerging, suggesting that consumers are feeling the fatigue after four years of inflation pressures.

AI has the potential to transform industries and reshape the way we live and work. It also carries significant risks for specific professions and our broader social fabric, presenting challenges for policymakers and regulators.

When building your portfolio and saving for retirement, hitting singles and doubles is the safer, lower-risk route. It's the singles and doubles that win the game. Home runs are exciting, but good defense and strong pitching carry teams deep into the post season.

Earnings reports include three key financial statements: the balance sheet, the income statement, and the cash flow statement. When a company announces its quarterly results, investors immediately compare the actual results to what financial industry analysts had estimated.

History indicates that when cardboard prices jump higher, the economy is revving up. Some analysts have said that it is too soon to tell whether price increases will persist or if they are a one-time adjustment in a retail market still reeling from the unique circumstances of the pandemic.

Charlie Munger was an inspiration to countless investors - including members of our team here at North Berkeley. His emphasis on acquiring a diverse range of mental models, understanding the fundamental nature of business, and maintaining a long-term perspective has become gospel for many in the financial world. Rest in Peace Charlie Munger.

Prices have remained relatively stable over the past few weeks, and investors are closely watching the headlines from the Fed regarding US interest rate policy as well as further developments in the Middle East.  

While it's natural to feel uneasy when short-term risks such as wildfires or weak corporate earnings cast a shadow over the financial markets or local skylines, history reminds us that these risks will pass with time. Financial shocks are a natural part of being a long-term investor, which is why it is important to build a portfolio that prioritizes resiliency.

Like the first in a line of dominos, public investment in large-scale scientific endeavors can start a chain reaction of innovation that benefits economic growth and sustainable development in unforeseeable and beneficial ways.

The recent US credit downgrade by Fitch Ratings is less about financial fundamentals, and more about political will and the process of level-headed governance.

Home prices have remained surprisingly resilient and have only declined incrementally from their record highs in spring 2022 despite mortgage rates having doubled over a similar timeline.

As we move into summer, we recommend ignoring the short-term noise of Fed meetings and interest rates. Opting instead to embrace new routines, longer summer days, and a break from the school year, knowing that a portfolio with a long-term strategy will remain resilient through any ups and downs.