Each year, the UBS Billionaire Ambitions Report provides a rare, data-driven window into how the world’s wealthiest families build, preserve, and transfer wealth. The 2025 edition is particularly instructive, not because the numbers are larger than before, but because the report captures a moment of transition. Wealth is no longer described simply as a personal achievement or financial outcome. Instead, it is increasingly framed as a long-term family system, shaped by decisio

November 2025 delivered a turbulent month for financial markets, with stocks recovering from mid-month losses to finish modestly higher while Bitcoin posted its second-worst monthly performance of the year. The S&P 500 and Dow closed modestly above flat for the month, while the Nasdaq shed 1.5% to snap a seven-month advance. Silver emerged as November's star performer, hitting record highs above $56 per ounce with gains approaching 13% for the month.

I spent 15 years managing money for some of the wealthiest families in the world. On the equity trading floor in Zurich and in financial services in London, I watched high net worth clients build and preserve generational wealth. I saw their strategies, their mistakes, their successes, and most importantly, what they taught their children. Then I had my own daughter Ebba and I realized something that changed everything. The principles that protect and grow wealth for the ri