Friday, February 3, 2012

Marc Faber : I like to buy assets that are neglected

Marc Faber : My criteria , I like to buy assets that are neglected , I was recently in Arizona and previous to that I was in Canada , in Canada in the cities you have boom conditions and real estate prices are very high may be 4 to 5 times higher than Arizona , in Arizona you can buy a beautiful house for $150 000 dollars , this is undervaluation , everything has collapsed in Arizona and therefore the evaluations are very low for homes , what can you buy in Hong Kong for 150 000 dollars ? I agree that in Hong Kong there is Suzan Lee and that does not exist in Arizona that's the big difference - in Bloomberg
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Dr. Marc Faber Tomorrow's Gold





Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. 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, which acts as an investment advisor and fund manager.