Wednesday, August 8, 2012
Marc Faber : European Shares are a Great Investment
Q: Do you think the euro has seen its low against the dollar for the near-term or do you see the weakness coming back there?
Marc Faber : Yes, for the near-term probably and probably for the wrong reasons. But the one thing I want to say about Europe, for the first time in my life I have been buying some European shares, because if you look at the markets of Portugal, Spain, Italy, France, Greece they are either below the 2009 lows that would be the equivalent on the S&P at 666 or they are approaching these lows. So you have a lot of reasonably good companies that are very, very inexpensive and as a contrarian I think that there is some value in some of these companies. - in CNBC TV18
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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.
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