Marc Faber is famous for predicting the 1987 stock market which resulted in all 23 of the world markets to crash.
He also predicted the rise of commodities like oil, precious metals and of emerging markets in his book “Tomorrow’s Gold: Asia’s Age of Discovery”
Marc says that when companies become popular and well known, they are automatically costlier. So you can look at sectors that are popular or you can look at neglected sectors and usually, you will find great value for money from sectors that are neglected and unpopular.
He also underlines that the markets do not follow anyone’s beliefs and opinions and that smart investors should study how the markets react to changes instead. Our views are totally irrelevant since the markets move independently of what anyone believes.
So picking his brains could make a tremendous difference to your wealth.
NOTE: This video is for informational purposes only and should not be considered financial advice.
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