Tuesday, October 7, 2014
I own Equities mostly in Asia and some in Europe
"I hope that when the collapse happens, I'm only going to lose 50 percent of my money," Faber said Thursday on CNBC's "Futures Now."
As to the specific makeup of his portfolio, it's all about diversification.
"I want to own some gold, I want to own some shares," he said. "And I own some bonds and cash and real estate."
"I own [equities] mostly in Asia and some in Europe, because I think in Europe, they're still a better value than in the US," he said.
Interestingly, while he's known for doom and gloom, the key foundation in Faber's portfolio construction is humility. Since he acknowledges that he can't predict the future with accuracy, he relies on diversification to limit his losses.
"I have always argued that we don't know how the world will look in five years' time," he said. "Maybe the S&P (.SPX) is at 3,000, but it could also be at 1,500—we just don't know. There's a lot of manipulation between fiscal and monetary policies. So I want to be diversified."
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.
Dr. Marc Faber Tomorrow's Gold
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.