Marc Faber
From Wikipedia, the free encyclopedia
Dr. Marc Faber (aka Dr. Doom) is an investment analyst and entrepreneur born in Zürich, Switzerland.
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[edit] Background
Dr. Faber was born in Zurich and schooled in Geneva, Switzerland. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Dr Faber resides in Thailand and is best known for the Gloom Boom Doom newsletter and web site featuring "Dance of Death" link title paintings created by Kaspar Meglinger.
During 1970s Dr Faber worked for White Weld & Company Limited in New York City, Zürich, and Hong Kong. Since 1973, he lived in Hong Kong. Beginning 1978 to 1990, he was the Managing Director of Drexel Burnham Lambert Ltd Hong Kong. Mid-1990, he set up his own business, Dr Faber now resides in Thailand, keeping a small office in Hong Kong.
[edit] Marc Faber Ltd.
Dr. Faber's company, Marc Faber Limited, acts as an investment advisor company concentrating on value investments with tremendous upside often based on contrarian investment philosophies. Faber also invests and acts as a fund manager to private wealthy clients. Dr Faber is a regular speaker on the investment circuit, often in the financial press for his research and lucid alternative investment philosophies. His current — if eccentric — tagline is: 'buy a $100 US bond frame it to teach your children about inflation by watching the US bond value diminish to almost nothing over the next 20 years'.
Dr. Faber is famous for advising his clients to get out of the stock market one week before the October 1987 crash.
He currently believes that a major market correction is "imminent." (Fox News, 2-2007)
[edit] Writings
- Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities.
- Dr Faber is the author of several books including “TOMORROW'S GOLD – Asia's Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world, for several weeks on Amazon.com's best seller list.
[edit] Philanthropy
Marc Faber funds philanthropic endeavors using some profits from newsletter subscriptions to educate Thai children of poor means.
