What do you own with enthusiasm?
Marc Faber : I figured the Japanese stock market would go ballistic as soon as the government weakened the yen, and that's what happened. Since the Oct. 15 low, the market is up more than 70% in yen terms and 35% in dollars—before the recent correction, that is. I bought brokers such as Nomura [NMR], which has more than doubled in price. The Japanese market is correcting now, and the yen might rebound somewhat. But whereas the U.S. is near a long-term top, Japanese stocks made a generational low in 2012 and won't go below that.
I also own some Japanese REITs, including Premier Investment [8956. Japan] and Activia Properties [3279.Japan]. I especially like NTT DoCoMo [DCM], the mobile-telecom company, because the stock hasn't moved much and it pays a high dividend - in Barron's