Gloom, Boom, And Doom With Marc Faber

The Lead-Lag Report, Released on 11/3/22

Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor and fund manager. Dr. Faber publishes a widely read monthly investment newsletter, “The Gloom Boom & Doom Report,” which highlights unusual investment opportunities, and is the author of several books including Tomorrow’s Gold: Asia’s age of discovery which was a best seller on Amazon. Dr. Faber is known for his “contrarian” investment approach and charismatic personality. He became infamous after calling the 1987 crash in US equities.

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Karl Graz

It’s always a pleasure to listen to a real economist like Marc Faber and not one of the many pretend ones that seem to populate this blog. And, in spite of his truly impressive background that includes an actual PhD. in economics, I have never once heard him refer to himself as “doctor”. To me, that says a lot about the man!