Tracking Dr. Marc Faber of The Gloom Boom and Doom report , Marc Faber nicknamed Doctor Doom , a world class investor and a regular speaker at various investment seminars, Dr Marc Faber is well known for his "contrarian" investment approach.
Marc Faber :
Basically I always own some shares, most of my share holdings are in Asia.
I would like to point out something, the Dow Jones is flat for this year. In Asia, the Indian market is up 22 percent year to date. The Thai market is up 20 percent in dollar terms, Jakarta is up 24 percent. Philippines up 18 percent, Karachi up 17 percent and so forth.
I worry about the geopolitical tensions but in general I think all the Asian countries are today so China-centric that there wont be a military conflict, there will be rattling and disputes and so forth. But the US doesn't really have the power to really wage a war in Asia, that we have to be very clear.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.