Nathan Kowalski Nathan Kowalski en-us What not to do now in Bermuda As politics ramps up into the Bermuda election, the focus has begun to shift from the current situation to that of the future. One major topic is the future of the economy. In a world ravaged by a virus that has dislocated entire industries and catapulted some changes dramatically forward, it is important that the next steps we take are... Fri, 18 Sep 2020 07:00:00 EST Everything is horrible - why the rally? So, let us play through a scenario. You suddenly go into a coma in February and wake up seven months later. Upon awakening, you are told that the world has been rocked by a virus that has killed nearly 800,000 people and infected almost 23 million worldwide. The US is suffering from social unrest that is sparking riots. The unemployment rate in... Mon, 24 Aug 2020 07:00:00 EST A spot of summer reading <i>"Think before you speak. Read before you think."</i> <b>– Fran Lebowitz</b>To say I enjoy reading would be an understatement. A large part of my day involves reading - research reports, industry trade articles, investing blogs, and a smattering of geopolitical content.I also try to read anywhere from 24... Mon, 13 Jul 2020 07:00:00 EST New abnormal is actually just normal <i>"I very frequently get the question: what's going to change in the next ten years? And that is a very interesting question; it's a very common one. I almost never get the question: what's not going to change in the next ten years? And I submit to you that that second question is actually the more important of the two - because you can... Mon, 11 May 2020 07:00:00 EST Bridging the gap and getting back to normal <i>"The economic impact is and will be severe, but the faster the virus stops, the quicker and stronger the recovery will be" </i>- IMF Managing Director Kristalina GeorgievaLet's first make something clear: Covid-19 is a health crisis, and saving and protecting lives should be our topmost priority. We all need to adhere to... Mon, 06 Apr 2020 07:00:00 EST Coronavirus crisis <i>"The real key to making money in stocks is not to get scared out of them."</i> <b>- Peter Lynch</b>When does this end? How bad can it get? The honest answer is nobody knows. Markets hate uncertainty so the drip feed of negative news only magnifies this. History suggests that disease outbreaks do cause... Mon, 09 Mar 2020 07:00:00 EST Some things I know … I think I have now been in my profession for nearly two decades. While not long compared to some, I have learnt several lessons and survived the great financial crisis. Here are a few things I think I might know: 1, You will feel great being a long-term investor in a bull market. You will feel stupid being a long-term investor in a bear... Mon, 27 Jan 2020 07:00:00 EST How do geopolitical events impact returns? The new decade has started with geopolitical tensions. The US military strike on Quasam Soleimani heightened market anxiety and led to a brief dip in the markets. No one knows where this confrontation will ultimately lead, just like no one knew about 9/11, or the Iraq invasion, or the attack on Pearl Harbor. While many pundits take... Wed, 22 Jan 2020 07:00:00 EST Review of 12 surprises for 2019 <i>"Believing in predictions allows people to overlook their own ignorance, discount the role of randomness and generally overestimate their own skills. If you think you (or someone you pay) can divine the future, you create the illusion of control and stability, where often there is none. Order is created out of chaos; it is a comforting... Mon, 06 Jan 2020 07:00:00 EST 'Twas the market before Christmas 'Twas the market before Christmas and all through Wall Street,Investors were cheering as returns have been sweet!Brexit was avoided with great fanfare,But nothing is final, so take care and beware.Trump lies snuggled in his bed,While dreams of impeachment dance in Pelosi's head.When out of the blue a... Mon, 23 Dec 2019 07:00:00 EST Volcker taught us 'tough love' is difficult A central bank legend passed away this month at the age of 92. Paul Volcker is well known and remembered as the Federal Reserve chairman who waged war on inflation. His "tough love" stance throughout the 1970s and 1980s broke the inflationary spiral strangling the US economy. Raising rates to 20 per cent did end inflation but also... Mon, 16 Dec 2019 07:00:00 EST