The Black Swan Event

As you know, we had MF Global. What did the clients get? Less than what they had at the company. And I think eventually the financial system will be an MF Global, where you don’t get your money back from the banks and the investment banks and from the mutual funds and so forth and so on. And so I think everybody has to think to himself: how do I protect myself against the Black Swan event? - in ETF daily news Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.