Brian Kozel

About Brian Kozel

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

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.

Progress, Not Perfection

By |2020-12-31T09:51:24-08:00December 31st, 2020|

2020 brought dramatic change to our daily lives and prompted adaptation in many industries. Although 2021 will probably not be a smooth ride, progress will be the main theme.

The Paradox of Partial Information

By |2020-12-18T15:28:04-08:00December 11th, 2020|

All decision-making, in investing and in life, is made with partial knowledge. It is important to find the right balance of potential and security so that we can have peace of mind in the moment.

Necessity – The Mother of Invention

By |2020-12-11T15:15:02-08:00November 20th, 2020|

The vaccine announcements provide hope for the resumption of robust economic activity, but the market and the country will need to navigate a hard winter before the distribution process is functionally underway.

The Next Phase

By |2020-12-04T17:03:04-08:00November 13th, 2020|

We believe a new phase of market growth will result from adaptation as we enter a new economic landscape.

The Value of Uncertainty

By |2020-11-20T15:41:35-08:00November 6th, 2020|

Certainty has value. Uncertainty has potential. The balance of the two is vital to our continued growth, both individually and as a community.

Optimism Fatigue

By |2020-11-13T14:26:51-08:00October 30th, 2020|

The worsening pandemic and uncertain financial markets are causing optimism fatigue. The key to fighting this fatigue is consistency in approach and taking a long-term view.

Beyond the Election Cycle

By |2020-10-30T15:42:26-07:00October 25th, 2020|

During the election cycle, people wonder how each candidate or political party will impact financial markets. The specific party in the White House impacts market returns less than many people would like to believe.

Shopping Small Wins Big

By |2020-10-23T16:39:32-07:00October 16th, 2020|

The reality for small businesses in the US is that the landscape is changing, but these shifts are also opening new opportunities and new audiences for business owners willing to adapt.

Unequal Impact, Unequal Recovery

By |2020-10-20T09:36:06-07:00October 9th, 2020|

Q3 2020 Market Commentary
A "K" shaped pattern recognizes the dramatic variation in recovery among different industries, demographics, and individuals, and highlights the current inequality in our economy.