Gloom Growth Doom
Marc Faber is a contrarian. To be a superb contrarian, you’ll want to know what you might be opposite about. It helps to be a worldclass economist-historian, to have been a trader and Managing Director of Drexel Burnham Lambert when the agency was the junk bond king of Wall Avenue, to have lived black and yellow superman shirt outlet in Hong Kong for a quarter of a century, and to have a contact guide crammed with the house numbers of lots of the movers and shakers in the financial world.
Well-known for his contrarian strategy to investing, Marc Faber does not run with the bulls or bait the bears but steers his personal course through the maelstrom of international finance markets. In 1987 he warned his clients to money out before Black Monday in Wall Avenue; he made them handsome profits by forecasting the burst in the Japanese Bubble in 1990; he accurately predicted the collapse in US gaming stocks in 1993; and he foresaw the AsiaPacific financial crisis of 1997/98 and the ensuing world volatility.
Nury Vittachi writes in “Riding the Millennial Storm”: Faber has style. A ski racer in his youth, he stays a flamboyant character. He black and yellow superman shirt outlet plays to the press, who call him Dr Doom; his monthy newsletter, all the time a superb read, is named ‘The Gloom, Boom and Doom Report’. He wears a ponytail, in defiance of the expectation (in Asia, particularly) that funding managers ought to look standard. His ebook, The good Cash Illusion, written in a rush after the 1987 crash, was devoted “to many lovely and kind girls whose names are higher kept black and yellow superman shirt outlet confidential”.