He is the publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd, which acts as an investment advisor and fund manager.
Mark Faber is also a director, advisor, and shareholder of a number of investment funds that focus on emerging and frontier markets, including Leopard Capital’s Leopard Cambodia Fund and Asia Frontier Capital Ltd.’s AFC Asia Frontier Fund.
Mark Faber was born in Zurich and schooled in Geneva and he raced for the Swiss National Ski Team (B-Team).
He earned a degree in economics at the University of Zurich and at the age of 24 he was awarded a Ph.D. in Economics.
Mark Faber worked for White Weld & Company Limited in New York City during the 1970s and in 1973 he eventually moved to Hong Kong.
He was a managing director at Drexel Burnham Lambert Ltd Hong Kong from the beginning of 1978 until the firm’s collapse in 1990.
In 1990 he set up his own business, Marc Faber Limited. Mark Faber now resides in Chiang Mai, Thailand, though he keeps a small office in Hong Kong.
Mark Faber is the publisher of the Gloom Boom & Doom Report newsletter
Mark Faber is a contrarian. He tends to have a gloomy outlook which has also earned him the title Doctor Doom.
His forecasts tend to be nearly always bearish. However, many of his gloomy predictions didn’t play out following the financial crisis of 2008. Put another way, Mark Faber was caught out by the central bank’s unprecedented monetary easing.
But Mark Faber’s doom forecasts could have its day of reckoning going forward. If so, we are likely to hear more about him.
My worst investment decision so far is to lend money to friends. So far, it has all come to zero – Mark Faber
Mark Faber writes the monthly paper investment newsletter The Gloom Boom & Doom Report, as well as the online subscription letter “Monthly Market Commentary”.
He has also authored several books, such as The Great Money Illusion; The Confusion Of The Confusions (1988), Riding the Millennial Storm: Marc Faber’s Path to Profit in the Financial Markets (1998) and Tomorrow’s Gold: Asia’s Age of Discovery (2010).
Buy a $100 U.S. bond and frame it to teach your children about inflation by watching the U.S. bond value diminish to almost nothing over the next 20 years – Mark Faber
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