Saturday, November 26, 2011

Marc Faber - Bloomberg Radio Interview 26 nov 2011

Marc Faber : ...an increasing number of investors are becoming aware that actually government bonds are not as safe as they may have thought originally or previously and so they are moving probably money out of bonds and cash into equities

Marc Faber increases his investments in Hang Seng Bank

In a radio interview with Bloomberg Radio dated 26 November 2011 Dr.Marc Faber announced that he has increased his investments in Hang Seng Bank Ltd. and Sun Hung Kai Properties Ltd. “I happen to prefer to play China through some high- quality companies,” “They have reasonable dividend yields and they’re high-quality companies.” Dr. Faber told Bloomberg Radio
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Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. 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.