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Marc Faber on investing, coronavirus, the economy, government control and the philosophy of life

BOOM, Released on 12/27/20

Marc Faber says that in the 70’s the US stock markets was oscillating between 20-30% of the GDP. Now, it is 190%. It is a sign that financial markets are high and economic activity hasn’t expanded that much. At the same time, we have the commodities market, especially agricultural commodities and related stocks, that are relatively depressed. Compared to financial assets, precious metals are relatively inexpensive. With government interventions, we will have to pay more tax in the future. Overall, we are moving into low return environment unless you do something special.

He also says that when companies become popular and well known, they are automatically costlier. You can look at sectors that are popular or you can look at neglected sectors and usually, you will find great value for money from sectors that are neglected and unpopular. Investment charts are very useful tools for identifying possible major trend changes.

Watch BOOM’s Govindraj Ethiraj interview investor Marc Faber on investment, the kinds of investors we all are, government control on markets and the philosophy of life.

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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