Marc Faber

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Marc Faber
Born (1946-02-28) February 28, 1946 (age 70)[1]
Zurich
Nationality Swiss
Education Economics, Ph.D
Alma mater University of Zurich
Occupation Investor

Marc Faber (born February 28, 1946) is a Swiss investor based in Thailand. Faber is 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.[1][2][3] Faber also serves as 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.[4]

Career[edit]

Faber was born in Zurich and schooled in Geneva, where he raced for the Swiss National Ski Team (B-Team).[1] He studied economics at the University of Zurich and, at the age of 24, earned a Ph.D. in Economics, graduating magna cum laude.[5]

During the 1970s, Faber worked for White Weld & Company Limited in New York City, Zurich, and Hong Kong. He moved to Hong Kong in 1973. He was a managing director at Drexel Burnham Lambert Ltd Hong Kong[6] from the beginning of 1978 until the firm's collapse in 1990. In 1990, he set up his own business, Marc Faber Limited. Faber now resides in Chiang Mai, Thailand, though he keeps a small office in Hong Kong.[7]

Writings[edit]

Faber writes the monthly paper investment newsletter The Gloom Boom & Doom Report, as well as the online subscription latter "Monthly Market Commentary" . He has also authored several books.

Faber has been a contributor to Forbes[8][9] and International Wealth (a sister publication of the Financial Times).[10] He 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. He has also written occasionally for the International Herald Tribune, Wall Street Journal, and Borsa e Finanza.[10]

Faber has been long term bearish about the American economy for a number of years, and continues to be so. He concluded his June 2008 newsletter with the following mock quote:

"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part."

References[edit]

  1. ^ a b c "Faber, Marc" in Who's Who of the Asian Pacific Rim, Volume 6, pg. 105. Published by Barons Who's Who, 1998.
  2. ^ [1] Archived October 3, 2012, at the Wayback Machine.
  3. ^ Jessica Pressler and Bess Levin. (2008-10-31). "The Fearmongers of Finance". Retrieved 2009-12-15. 
  4. ^ "Asia Frontier Capital Ltd. is a fund management company managing equities in Asian frontier countries: Bangladesh, Cambodia, Iraq, Laos, Mongolia, Myanmar, Pakistan, Papua New Guinea, Sri Lanka, Vietnam - Shareholders". Asiafrontiercapital.com. Retrieved 2015-03-06. 
  5. ^ [2] Archived October 26, 2007, at the Wayback Machine.
  6. ^ Sterngold, James. (1990-10-08). "Hong Kong Empire's 'Junk' Tactic". The New York Times. Retrieved 2009-12-15. 
  7. ^ [3] Archived September 25, 2009, at the Wayback Machine.
  8. ^ Faber, Marc. (2002-06-10). "Economy And Empire". Forbes. Retrieved 2009-12-15. 
  9. ^ "Marc Faber [Forbes website search results]". Forbes. 2009-12-15. Retrieved 2009-12-15. 
  10. ^ a b "Marc Faber". Financial Gurus. Retrieved 2015-03-06. 

External links[edit]