Friday, July 27, 2012

MARC FABER Prefers Diversification as a Trading Strategy

“Basically there are two strategies: you can be an aggressive trader and try to switch at the right times between asset classes or go for diversification. I prefer diversification because I don’t feel confident about getting the trading right.” Marc Faber said Wednesday during the Agora Financial conference in Vancouver
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Dr. Marc Faber Tomorrow's Gold







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.