Thursday, October 4, 2012
Marc Faber on what Investors must do to stay Rich
This will require money pumping or printing of money to support economies. However, a large part of this will flow into assets and erode cost of living.
So, in the interim, we will have assets prices moving up, but I would say in the long term, we will have far better opportunities compared to today.
But I believe eventually we will have a systemic crisis and everything will collapse. That I think will provide better opportunity to invest. - in rediff
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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