Marc Faber : I was one of the first investors in South Korea and Taiwan in the late 1970s

DR. Marc Faber Editor and Publisher of "The Gloom, Boom & Doom Report" on Leaderonomics Show



Marc Faber : .....basically in 82 to 87 we had a huge stock market boom and market became very over bought in 1987 and partly also significantly over valued , and so I predicted the crash and as it happened , within a week it happened then the journalists in Honk Kong will start calling me Doctor Doom because I started to predict that the Japanese stock market will be cut by fifty percent ...etc...and then in the 1990s late 1990s I was very bearish about the US technology stocks and felt that they would collapse and so forth , so many times I identified the markets that were overvalued ...same time I was one of the first investors in South Korea and Taiwan in the late 1970s and in Asia in the early 1980s when the markets became very cheap because we had a boom between 76 and 1980 and after 1980 we had a big decline in most Asian markets in mid 80 and then in the late 80s I started to travel to Latin America I felt that there was an under evaluation there due to high inflation so I started to buy Latin America , and then I was one of the founding partners of the first Russia fund in 1993 ...so to my credit I discovered many markets and also my book tomorrow's gold Asia's age of discovery it is not a bearish book , it is bearish about the United States bearish about the world but very bullish about Asia , it was published in 2001 I wrote it in 2001 It was very positive about commodity prices ....etc.....
Marc Faber, Editor and Publisher of "The Gloom, Boom & Doom Report" and author of the bestselling "Tomorrow's Gold". Faber was born in Zürich and schooled in Geneva, Switzerland, where he raced for the Swiss National Ski Team. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. degree in Economics magna cum laude.