Sunday, March 15, 2015

I would rather have Money in India than in the US in the next 5-10 years



“My sense is that if you look at the world, and if you break it down into the US, Europe and emerging economies, then the US market is the most expensive market,” Faber said “If you have to invest your money in the next 5-10 years, your choice is the US, Europe and, say, Asia and India, then I would say I would rather have money in India than in the US,” he said, adding that there is some concern around the valuation of Indian stocks. “I think the overall market in India is probably at that relatively high valuation because the blue-chips stocks like Nestle, they sell at close to 50 times earnings,” he said. “On the other hand, you have many sectors in the market that are not that expensive and where the shares may move up further in 2015.”





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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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.