Marc Faber : ‘What disturbs me most about asset markets is that we have had outsized gains since early 2009 (there are exceptions such as Vietnamese, Chinese, Japanese and European equities, and also US housing,’
‘In my opinion, investors' expectations about future returns on their assets are far too optimistic. In a world that currently hardly grows investors will need to reduce their future return expectations.
‘I believe 2013 will not be a favorable year for holders of assets. My priority has now shifted to the preservation of the outsized gains I have achieved over the last three years.’ - in CNBC