Marc Faber News Blog Investments and Trading Ideas - A Tracking Blog About Dr. Gloom Boom & Doom Marc Faber , Daily Tracking of Dr. Marc Faber Investment Strategy , Market analysis , Outlook & Media appearances
Monday, January 20, 2014
I would rather own Alibaba , Amazon or Google, than Facebook
"I think it[Facebook] is to a large extent a fad. People they go on Facebook - what they do is they put pictures on and the only people that watch these pictures are themselves. They all want to be stars. It is a very distractive kind of occupation. I can't imagine that this would have a lot of value. I would rather own - I don't own it because I think it is very highly priced - I would rather own a company like Alibaba or Amazon or Google, than Facebook, personally. This is my view. Other people have different views. That's what makes the market. Some people are buying it and some people are selling it.”
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.