Marc Faber not buying Facebook IPO

Thursday, February 2, 2012

Marc Faber not buying Facebook IPO

Dr. Marc Faber says that he does not use Facebook everyday , it is an amazing success story Marc Faber says but google was growing faster at the beginning he added , Facebook has say within 4 year have reach the numbers of participants that google had in 7 months , look I do not buy anything that is in the line light , Facebook is a lot of hype and so forth I think the evaluation is on the high side , I am not saying that you can't make any money , may be someone who buys at the opening who is a flipper he makes some money and so forth but it does not meet my criteria of evaluation you can put it this way , I should have bought it 4 years ago when ......I like to buy assets that are neglected

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.