Marc Faber, the investment guru, was born in Zurich, and tutored in Geneva, Switzerland; he was an active member of the Swiss National Ski Team (B-Team). He obtained his first degree in Economics from the University of Zurich. He received a Ph.D. in Economics at the age of 24, graduating in grand style. In the 1970s, Marc Faber was an employee of White Weld & Company Limited in Zurich, New York, and Hong Kong. After he had been transferred to Hong Kong in 1973, he was appointed as a chief executive of Drexel Burnham Lambert Ltd in 1978 before the collapse of the firm in 1990. Marc Faber began his own enterprise in 1990. Marc Faber, the investment guru, has a small administrative center of his business in Hong Kong, but he now lives in Chiangmai, Thailand.
His outstanding investment views have distinguished him as an investment guru. In 1980s, Marc Faber was praised for counseling his clients to withdraw from the stock market preceding the crash of the stock market in October 1987. In 2000s, Marc Faber the investment guru forecast the rise of precious metals, emerging markets, oil, and other commodities especially in China. His predictions were clearly stated in his book titled, “Tomorrow’s Gold: Asia’s Age of Discovery.” This man likes to trade precious metals and gold stocks. He predicted the drop in the U.S. dollar since 2002 correctly. He restated that there were not many value investments existing, except for real estate and farmland in various emerging markets, such as Paraguay, Russia, the Manhattan Mises Circle, and Uruguay. He also stated the temporal optimism for the U.S. Dollar in the mid-2008, before it drastically regained affirmative expectations for holding the Japanese Yen.
Marc Faber, the investment guru with his keen sense of prediction, predicted with full assurance in 2009 that the Federal Reserve’s policy of retaining interest rates virtually near zero would result to hyperinflation imminent levels experienced in Zimbabwe. Marc Faber in 2012 declared that there would be a 100 percent likelihood of a global recession in early 2013 or later in 2012. Marc Faber’s investment submissions cannot be underestimated. Marc Faber said that the U.S. is building nowhere-to-hide bubbles in many emerging markets, such as the Philippines, Indonesia, and Thailand.
Moreover, Marc Faber the investment guru has authored several investment books, and he has a monthly investment newsletter known as ‘The Gloom Boom & Doom Report.’ He is also an adept contributor to International Wealth and Forbes. You find out more about him from his website http://www.gloomboomdoom.com/.