UBS’ Mark Haefele – The New Rules of Investing From A $4 Trillion Investment Advisor | #577

Today’s guest is Mark Haefele, Chief Investment Officer of UBS Global Wealth Management, where he advises on over $4 trillion. He’s also the author of ‘The New Rules of Investing.’

In today’s episode, Mark emphasizes the significant role of government spending in shaping investment decisions. He touches on the importance of asset allocation and discusses the challenges of generational wealth transfer. Mark also introduces the concept of the three L’s—liquidity, longevity, and legacy—as a framework for effective portfolio management.

(0:35) Introduction of Mark Haefele

(2:30) The 5 D's: debt, deglobalization, digitization, decarbonization, and demographics

(11:46) Lessons from past financial crises

(15:18) Government intervention and the economy

(16:05) The 3 L's: liquidity, longevity, and legacy

(20:54) Behavioral finance and asset allocation

(27:05) Challenges in multi-generational wealth preservation

(36:20) Current global investment landscape

(40:26) De-dollarization

(46:05) Balancing personal beliefs with investment decisions

(51:15) Mark's most memorable investment

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Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. 

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Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).

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