Monday, September 4, 2017
Marc Faber : It’s A Miracle India Grows At All
Marc Faber : I hold Indian equities through the India Capital Fund which is run by my friend John Thorn. Aside from that, I would be, in India, more interested in real estate, not in the major cities but in secondary locations and resort areas because as India becomes more affluent, and I have seen this in Europe, people will have second homes. They will have beach houses, they will have homes in the mountains where in summer it’s cooler. So, this are things I would do. We have seen that some real estate stocks have done fantastically well recently. Indiabulls is up something like five times in just a few months. It’s not quite as strong as cryptocurrencies. But nevertheless, it’s a very strong performance.
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.
Posted by Nicole Bourbaki