Monday, October 5, 2015
Marc Faber : Time to Buy undervalued Asian Stocks
“Markets are already weak, especially in Asia. Malaysian stocks, in dollar terms, are 30% to 40% lower from the peak [adjusted for the currency]. And they may go lower. I remember stocks being at lower prices than what they are now,” Dr. Marc Faber says in an interview during the World Capital Markets Symposium 2015, organised by the Securities Commission Malaysia, that was held on Sept 3 and 4.
“I can buy Maybank [stock, for example] with a dividend yield of 5%. How much will you get from the bank if you put [money in], say, a one-year deposit? 3%? It is better to own the bank than the deposit.”
read more : http://www.theedgemarkets.com/en/article/time-buy-undervalued-asian-stocks-part-1
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.