Dr Marc Faber is a Swiss investor and owner of Marc Faber Ltd., which acts as an investment advisor and fund manager. Mr. Faber also serves as director or advisor of a number of investment funds that focus on emerging and frontier markets, including Leopard Capital’s Leopard Cambodia Fund and Leopard Sri Lanka Fund.
Faber has a reputation for being a contrarian investor and has been called "Doctor Doom" for a number of years. He is best known for the Gloom Boom & Doom Report newsletter. Dr Faber is a frequent speaker in various forums and makes numerous appearances on television around the world including various CNBC and Bloomberg outlets, as well as on internet venues like Jim Puplava's internet radio show.
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".
He lost money shorting US stocks in 1999 although his call was later vindicated. He admits that market timing is very difficult. Nevertheless, 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.
He stated that there are few value investments available, except for farmland and real estate in some emerging markets like Russia, Paraguay, and Uruguay. He believed in early 2007 that a major market correction was "imminent." However, by 5/2007 he was saying that U.S. equities were moderately overvalued — less so than those of emerging markets.
In a June 2008 interview with Bloomberg, he goes over his bearish views on a wide spectrum of investments: stocks, real estate and commodities. He is extremely critical of the Fed's inflationary actions. However, his views for the short-run were almost entirely deflationary except for holding precious metals; Faber still views hyperinflation as a certainty within the next 10 years. He also correctly expressed temporary bullishness for the U.S. dollar in the middle of 2008 before it dramatically recovered and positive expectations for holding the Japanese yen.
Dr Faber was born February 28, 1946 in Zurich, Switzerland. He attended schools in Geneva and Zurich and finished high school with the Matura. Marc Faber studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics. Right after his graduation - between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong, where he has lived since 1973.
From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business - Marc Faber Ltd. Now Faber resides in Chiangmai, Thailand, though he keeps a small office in Hong Kong.
Faber's company, Marc Faber Limited, acts as an investment adviser concentrating on value investments with tremendous upside often based on contrarian investment philosophies. Faber also invests and acts as a fund manager to private wealthy clients.
Marc Faber Biography
Dr Marc Faber is a Swiss investor and owner of Marc Faber Ltd., which acts as an investment advisor and fund manager. Mr. Faber also serves as director or advisor of a number of investment funds that focus on emerging and frontier markets, including Leopard Capital’s Leopard Cambodia Fund and Leopard Sri Lanka Fund.
Faber has a reputation for being a contrarian investor and has been called "Doctor Doom" for a number of years. He is best known for the Gloom Boom & Doom Report newsletter. Dr Faber is a frequent speaker in various forums and makes numerous appearances on television around the world including various CNBC and Bloomberg outlets, as well as on internet venues like Jim Puplava's internet radio show.
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".
He lost money shorting US stocks in 1999 although his call was later vindicated. He admits that market timing is very difficult. Nevertheless, 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.
He stated that there are few value investments available, except for farmland and real estate in some emerging markets like Russia, Paraguay, and Uruguay. He believed in early 2007 that a major market correction was "imminent." However, by 5/2007 he was saying that U.S. equities were moderately overvalued — less so than those of emerging markets.
In a June 2008 interview with Bloomberg, he goes over his bearish views on a wide spectrum of investments: stocks, real estate and commodities. He is extremely critical of the Fed's inflationary actions. However, his views for the short-run were almost entirely deflationary except for holding precious metals; Faber still views hyperinflation as a certainty within the next 10 years. He also correctly expressed temporary bullishness for the U.S. dollar in the middle of 2008 before it dramatically recovered and positive expectations for holding the Japanese yen.
Dr Faber was born February 28, 1946 in Zurich, Switzerland. He attended schools in Geneva and Zurich and finished high school with the Matura. Marc Faber studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics. Right after his graduation - between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong, where he has lived since 1973.
From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business - Marc Faber Ltd. Now Faber resides in Chiangmai, Thailand, though he keeps a small office in Hong Kong.
Faber's company, Marc Faber Limited, acts as an investment adviser concentrating on value investments with tremendous upside often based on contrarian investment philosophies. Faber also invests and acts as a fund manager to private wealthy clients.
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