absolutelyBangkok archive · Business & Economics
Originally published May 25, 2010
Investment guru
Marc Faber needs no introduction. He predicted the Japan bust and saw the gold boom arrive in time. Marc’s a regular on CNBC, Bloomberg TV and the likes. Faber has a reputation for being a contrarian investor and has been called “Doctor Doom” for a number of years. His Gloom Boom & Doom Report is mandatory reading if you want to stay ahead of the game.
Marc’s success has many enviers, still, I haven’t met anyone yet who’s able to prove him more wrong than right. What Marc says is sound and of value. You’re a fool if you call this man biased. He’s never an ideologist, but an observer and based on his analysis he makes his money. Lots of it. His analyzes actually consider the interwoven financial and political systems as a cyclic process that started with the Dutch tulip mania of 1637, history’s first large economic bubble.
He rose to fame while working in and from Hong Kong. Since a few years Marc is a resident of Chiang Mai where he built his own beautiful place, he, this enfant terrible among the worlds financial gurus. Marc’s an uncomfortable character, many don’t like his straightforwardness, but they all listen to what he has to say. Let’s hear what he says about the Thai crisis.
What about the reds’ promised redistribution of wealth? Well, Marc talks about more than only Thailand. What to do with your money in these trying corrective times? Here is Marc Faber talking with Bloomberg’s U.S.-centric Tom Keene and Ken Prewitt:
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