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.

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