Marc Faber was born in Zurich, Switzerland, and schooled in Zurich and Geneva, where he raced for the Swiss National Ski Team.
19 Facts About Marc Faber
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Marc Faber studied economics at the University of Zurich and, at the age of 24, earned a Ph.
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Marc Faber was a managing director at Drexel Burnham Lambert Hong Kong from the beginning of 1978 until the firm's collapse in 1990.
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Marc Faber is credited for advising his clients to get out of the stock market before the October 1987 crash.
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In 2001, Marc Faber told investors to buy gold; it then more than doubled.
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Marc Faber correctly predicted a decline in the US dollar since 2002.
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Marc Faber stated that there are few value investments available, except for farmland and real estate in some emerging markets like Russia, Paraguay, and Uruguay.
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Marc Faber expressed temporary bullishness for the US dollar in mid-2008, before it dramatically recovered and positive expectations for holding the Japanese yen.
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In December 2008, Marc Faber said, "I think a recovery will not come in the next couple of years, maybe in five, 10 years' time".
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On March 27,2013, Faber said that the US was creating nowhere-to-hide bubbles in many emerging economies such as Indonesia, Philippines, and Thailand.
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On July 23,2015, Marc Faber stated that investors must hold cash for better buying opportunities after correction.
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Marc Faber has authored several books, such as The Great Money Illusion; The Confusion Of The Confusions, Riding the Millennial Storm: Marc Faber's Path to Profit in the Financial Markets and Tomorrow's Gold: Asia's Age of Discovery.
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Marc Faber has been a contributor to Forbes and International Wealth.
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Marc Faber has contributed regularly to several websites such as Financial Intelligence, Asian Bond Portal, Die Welt, Finanzen, Boerse, AME Info, Swiss Radio, Apple Hong Kong and Taiwan, Quamnet, Winners, Wealth and Oriental Daily.
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Marc Faber has written occasionally for the International Herald Tribune, Wall Street Journal, and Borsa e Finanza.
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Marc Faber has been long-term bearish about the American economy for a number of years, and continues to be so.
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Marc Faber concluded his June 2008 newsletter with the following mock quote:.
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Marc Faber drew criticism on October 17,2017, for racist remarks made in his investment newsletter.
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Marc Faber was asked to resign from the boards of several firms, including Ivanhoe Mines, Sprott Inc and NovaGold Resources.