Product Description

Dr Marc Faber is a contrarian. To be a good contrarian, you need to know what you are contrary about. It helps to be a world class economic historian, to have been a trader and managing director of Drexel Burnham Lambert when the firm was the junk bond king of Wall Street, to have lived in Hong Kong for a quarter of a century, and to have a contact book crammed with the home numbers of many of the movers and shakers in the financial world.

Famous for his approach to investing, Marc Faber does not run with the bulls or bait the bears but steers his own course through the maelstrom of international finance markets. In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility.

Product Details

• Amazon Sales Rank: #87720 in Books
• Published on: 2008-05-09
• Original language: English
• Binding: Paperback
• 378 pages

About the Author
Dr Marc Faber is a contrarian. To be a good contrarian, you need to know what you are contrary about. It helps to be a world class economic historian, to have been a trader and managing director of Drexel Burnham Lambert when the firm was the junk bond king of Wall Street, to have lived in Hong Kong for a quarter of a century, and to have a contact book crammed with the home numbers of many of the movers and shakers in the financial world.

Famous for his approach to investing, Marc Faber does not run with the bulls or bait the bears but steers his own course through the maelstrom of international finance markets. In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility.

Customer Reviews

Worth it's weight in gold
Marc Faber may be the king of doom and gloom but this is probably the best written amd most tightly argued book among the recent crop of titles heralding the coming crisis in the US economy. The colourful swiss contrarian (how often do you see those three words together in one sentence?) has an exhaustive knowledge of international economic history and a career as an investment banker and now as consultant based in asia and is thus as well placed as any to offer analysis. The best praise I can give this work is that after the crisis comes and goes (after reading this you will be in little doubt that it is coming/already happening) I will dip into it to refer to some of its themes and delicious references of obscure economc data.

fabulous
I'm tempted to say this book is rubbish just because I don't want anyone else to know about it, keep the markets in my favour. But that would be unfair to Mr Faber. My copy is dog-earred and highlighted and annotated up to the hilt. Some gems in here that will get you on the road to market-smarts and trading/investing for the new world. I hate to say it but it's bloody great!

more then the title promises
Though the first edition was written some 5 years ago (I read the 2008 third edition), this is a book that is still so much up to date.
Marc Faber certainly knows what economy is all about, in comparison with all the talking heads & cheerleaders, of wich there are sadly enough to many in the financial sector.
He not only predicted the current financial mess, but also outlines what's in store for the coming years. And as an added bonus he gives us a great run through the history & psychology of the financial markets of the last centuries.
Certainly worth every penny paid for it.