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

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 4 April 2025

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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 ----- Follow Meb on X, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- 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. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Medfavor show, where the focus is on helping you grow and preserve your wealth.
0:10.9	Join us as we discuss the craft of investing and uncover new and profitable ideas, all to help you grow wealthier and wiser.
0:16.9	Better investing starts here.
0:19.5	Metfabor is the co-founder and chief investment officer at Cambria Investment Management.
0:22.5	Did it industry regulations, he will not discuss any of Cambria's funds on this podcast.
0:25.8	All opinions expressed by podcast participants are solely their own opinions and do not reflect
0:28.9	the opinion of Cambria Investment Management or its affiliates.
0:31.2	For more information, visit Cambriainvestments.com.
0:35.6	Today's show is sponsored by Cambria.
0:40.9	Do you hold legacy investment positions with significant gains?
0:47.1	What if you could transition into an ETF without facing a large tax bill? You can with a 351 ETF exchange. Here's how it works. Investors contribute stocks or other securities to a newly formed
0:53.4	ETF in exchange for
0:54.8	ETF shares. As long as the special rules and diversification requirements are met,
0:59.5	the investor is essentially able to cede the launch of the ETF without an immediate
1:03.5	taxable event. Because ETFs typically don't distribute any capital gains,
1:08.2	investors don't face taxes until they sell their ETF shares,
1:11.3	allowing for better control over the timing of the tax event. Are you ready to explore a 351
1:16.6	ETF exchange? Visit cambriafunds.com forward slash 351 to take the next step in innovative,
1:23.4	tax-savvy investing with Cambria today. Cambria Investment Management LP, Camberia is a
1:27.3	registered investment advisor. Information set forth here in is for informational purposes
1:29.9	only and does not constitute financial investment tax or legal advice. Past performance does not
1:32.7	guarantee future results. All investments are subject to risk, including the risk of loss of
	...

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