Marc Faber is a Swiss economist, who has earned the nickname ‘Dr Doom’. He is known for consistently making bearish calls about upcoming market crashes – some of which have been right but many of which have been wrong. Famously, Faber predicted a market crash in the 1980’s, which eventually was proved correct in 1987, and in the 2000’s was bearish on the US housing market, which came true in the 2008 GFC. This profile takes a look at Faber’s life and goes beyond the doom. It tries to understand many of his theories and learnings of decades in emerging markets.
Towards the end of the article, the profile turns to Faber’s recent writings and shares his views on the future. He remains bullish on the Asian growth story, a consistent theme throughout his career. He is also interested in non-tech stocks in emerging markets, a category of the market that has underperformed for years. Faber started in career in the 1970’s where the ‘Nifty Fifty’ stocks were seen as can’t miss opportunities that could be bought whatever the price. He sees similarities between these Nifty Fifty stocks of the 1970’s and the FAANG stocks of today.
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