Marc Faber Buys Sprott Shares according to Canadian The Globe an Mail

Marc Faber, the famed investor known for his gloomy take on the markets, bought beaten-down common shares in asset management firm Sprott Inc. this month, regulatory filings show.

Paul Stephens, chairman and partner of Stephens Investment Management LLC, a San Francisco-based hedge fund, has also been snapping up shares.

Both Mr. Faber - who is the author of The Gloom Boom & Doom Report - and Mr. Stephens are directors of Sprott.

Eric Sprott, who is CEO of Sprott Inc. and oversees its resource-themed investment arm Sprott Asset Management, is one of the world’s best known gold bugs. While his bets on gold made him famous during bullion’s runup, his hedge funds have fallen drastically in value as prices for the commodity tumbled over the past year. Sprott Inc. shares are down more than 30 per cent year to date.

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Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber joins Sprott as director

Contrarian investor Dr. Marc Faber, has joined Sprott Inc. as director and member of the money management firm's audit committee.
Marc Faber the author editor and publisher of The Gloom Boom & Doom Report succeeds to Ian Telfer who tendered his resignation due to time commitments and appointment as the new chairman of the World Gold Council.“Marc is an internationally renowned expert and commentator on financial markets and we look forward to his contribution as a director of Sprott,” Eric Sprott, chief executive officer of Sprott said Tuesday.We here in this blog wish good luck to Marc Faber in his new position



Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.