Saturday, August 14, 2010

Marc Faber : Thoughts of a loss leader

A man whose bad-news predictions are most often on the money, Marc Faber's comments draw the attention of smart financial analysts. During a recent appearance in Abu Dhabi, the pony-tailed guru enthralled investors with his advice on how to survive the volatile world. Brad Reagan reports

In the white marble lobby outside the Al Jaheli theatre at the Armed Forces Officers Club and Hotel in Abu Dhabi, famed investor Marc Faber sits smoking quietly by himself.

The 60 or so financial analysts who are here for Mr Faber’s talk mill about the room, trading business cards and noshing on pastries, either unaware that the man sitting on a love seat in the middle of the room is the main attraction, or are too intimidated to approach him.
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