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