Marc FaberBiographyMarc Faber, Editor and Publisher of "The Gloom, Boom & Doom Report" and author of the bestselling "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, Marc Faber Limited which acts as an investment advisor, fund manager and broker/dealer. Dr Faber publishes a widely read monthly investment newsletter “THE GLOOM BOOM & DOOM” report which highlights unusual investment opportunities, this is a monthly publication written and edited by Dr Faber since 1987, and it has grown into a widely read, and highly respected financial publication. It is an interesting source of information for individual investors, large corporations and investment houses alike, and, for many, it has become an essential alternative investment manual. He 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. Tommorow's Gold was for several weeks on Amazon’s best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world. A book on Dr Faber, Riding the Millennial Storm, by Nury Vittachi, was published in 1998. A regular speaker at various investment seminars, Dr Faber is well known for his “contrarian” investment approach. He is also associated with a variety of funds including the Iconoclastic International Fund, The Overlook Partners’ Fund, The Income Partners Global Strategy Fund, The India Capital Fund, Matterhorn Ventures, Winstar India Investment Company Limited, The China Mantou Fund, Sofaer Capital Inc, Peach Office Products, Ivanhoe Mines Limited, Equity Partners Limited and Muse Global Partners LP. Dr Faber is a regular contributor to several leading publications around the world, Forbes and "International Wealth" which is a sister publication of the "Financial Times" amongst them. He also contributes to several websites, such as Financial Intelligence and Asian Bond Portal, to name a few. Others include Forbes, Die Welt, Finanzen,Boerse, AME Info, Swiss Radio, Apple Hong Kong and Taiwan,Quamnet, Winners, Wealth and Oriental Daily. These, he writes on a regular basis. He also writes occassionally for the Herald Tribune, Wall Street Journal and Borsa E Finanza. Books by Marc Faber
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Investing RulesRule #1: There is no investment rule that always works. If there was one single rule, which always worked, everybody would in time follow it and, therefore, everybody would be rich. But the only constant in history is the shape of the wealth pyramid, with few rich people at the top and many poor at the bottom. Thus, even the best rules do change from time to time. Myth #1: 'Stocks always go up in the long term.' This is a myth. Far more companies have failed than succeeded. Far more countries' stock markets went to zero than markets which have survived. Just think of Russia in 1918, all the Eastern European stock markets after 1945, Shanghai after 1949, and Egypt in 1954. Myth #2: 'Real Estate always goes up in the long term.' While it is true that real estate has a tendency to appreciate in the long run, partly because of population growth, there is a problem with ownership and property rights. Real estate was a good investment for Londoners over the last 1,000 years, but not for America's Red Indians, Mexico's Aztecs, Peru's Incas and people living in countries which became communist in the 20th century. All these people lost their real estate and usually also their lives. Taken from The Global-Investor Book of Investing Rules |
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