Tuesday, July 24, 2012

Marc Faber Invested in Lower Quality Bonds

Marc Faber: Most of my bonds are what the rating agencies would consider lower quality, I don’t consider them as lower quality because they are corporate bonds and I think that a lot of corporations will rather survive than the governments. Some of these are Asian, Russian, some European. I own some Gazprom, ICICI bank in India – the big names. - in Citywire
Bookmark and Share

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.