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Mar 16
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Marc Faber is an investment analyst, he is best known for the Gloom Boom & Doom Report newsletter. The newsletter publishes Marc Faber investment advice and investment tips. Faber has been nick named ‘Doctor Doom’
Marc Faber Track Record
His market advice since 2000 is quite accurate.Faber predicted the rise of oil, precious metals, other commodities, emerging markets and especially China in his book Tomorrow’s Gold: Asia’s Age of Discovery. He also correctly predicted the slide of the U.S. dollar since 2002 and the 5/06 and 2/07 mini-corrections.
Marc Faber Investment Advice & Investment Tips
- Don’t confuse luck with insight – Faber is famous for advising his clients to get out of the stock market one week before the October 1987 crash. However Faber said that this prediction was “accidental”.
- Market Timing is very difficult
- There is no value in US bonds – His current tag-line is: ‘buy a $100 US bond and frame it to teach your children about inflation by watching the US bond value diminish to almost nothing over the next 20 years.
- Buy gold and other metals – He has said that investors should consider holding part of their wealth in the form of precious metals “because they can be carried”.
- Faber believes there are few value investments available, except for farmland and real estate in some emerging markets like Russia, Paraguay, and Uruguay