Nathan Kowalski is the chief financial officer of Bermuda-based investment firm Anchor Investment Management Ltd. He holds Chartered Accountant, Chartered Financial Analyst and Chartered Investment Manager designations. He is currently the president of the Chartered Financial Analyst Society of Bermuda board. Mr Kowalski started his career with KPMG, where he provided assurance, tax and financial advisory services for some of the largest corporations in Canada. He then worked for Deloitte & Touche Corporate Finance Inc, where he specialised in providing advice on mergers and acquisitions, valuations for corporate clients and private-equity firms, entrepreneurs and governments.
Oct 24, 2016 8:00 am
Most readers will be familiar with articles I have penned on Bermuda’s debt in past issues of Financial Ramblings from the Rock. The recent refinancing conducted by the Bermuda Government is resurrecting this commentary. I swore to avoid a...
Oct 3, 2016 8:00 am
Changes in regulation and market conditions often introduce some unanticipated dislocations in markets. Two recent developments have or may have a dramatic effect in two areas that many investors may not be aware of or appreciate. I am referring...
Sep 19, 2016 8:00 am
Apple’s huge cash hoard is very tempting. Especially for governments which are unable to control their ever escalating public debts and spiralling entitlement deficits. The recent case where the EU decided that Apple had received illegal state...
Aug 29, 2016 8:00 am
The market continues to march higher. Looking under the hood, however, gives one a more granular view of what areas seem to be leading the charge. Specifically it is the areas of the market that proffer a narrative of safety and income. The...
May 30, 2016 8:00 am
“The value of a currency is, ultimately, what someone will give you for it — whether in food, fuel, assets, or labour. And that’s always and everywhere a subjective decision.” - James Surowiecki
Every day millions of local transactions are...
Feb 23, 2016 8:00 am
Nathan Kowalski, Financial Ramblings from the Rock
On August 7, 1974 French high-wire artist Philippe Pettit took a walk between the Twin Towers of the World Trade Centre. The young French acrobat had to contend with winds, the natural sway...
Feb 8, 2016 8:00 am
January was not a kind month for equity investors. The volatility was discerning and uncomfortable. While markets may correct further (nobody knows for sure) it’s very important to realise that market sell-offs are par for the course. In times...
Jan 11, 2016 8:00 am
“Humans don’t want accuracy; they want reassurance. The Nobel laureate and retired Stanford University economist Kenneth Arrow did a tour of duty as a weather forecaster for the US Air Force during World War II. Ordered to evaluate mathematical...
Dec 21, 2015 8:00 am
What follows is a series of twelve facets in the financial markets for 2015. I’m pretty sure you won’t be able to sing this as a carol.
1. One Fed Hike. They did it. Finally. Probably a bit late too. The Federal Reserve hikes interest rates...
Dec 15, 2015 8:00 am
Tomorrow we will get the Federal Reserve’s decision on whether or not they will raise the Fed Funds rate. The market has been stewing over a rate rise for what seems like an eternity. I think they will move and the market seems to agree, with the...
Nov 30, 2015 8:00 am
They call economics the “dismal science”. The world often seems far more interested in the awful things going on rather than positive developments. That’s why we rubber-neck when we see car accidents, but airplane landings never make the news.
Nov 23, 2015 8:00 am
The investment community is coming to grips with the effects from the horrific attacks in Paris. These abhorrent actions should not be callously dismissed and retribution is being dealt with as we speak. But what of the financial and market...
Nov 16, 2015 8:00 am
Over time prices rise and fall at varying rates. The rate of inflation and its effects on an economy are often talked about endlessly.
The latest jobs report has significantly increased the likelihood of a December rate hike. But is this...
Nov 2, 2015 8:00 am
“Of all sad words of tongue or pen, the saddest are these: it might have been.”
- John Greenleaf Whittier
October 21 was Back to the Future day. This was the day that Marty McFly travelled to from 1985 in the second Back to the...
Family’s crippling medical bill
Veteran Gombey captain Warner dies
Cruise ship boost ‘amazing’ for St George
Police to record hate crimes against LGBT
Burglar jailed for $10,000 crime spree
Creative spirit making her mark
Prayer vigil held for Tweed
Woman admits stealing from sister
Take Our Poll