August 5, 2021

5 thoughts on “Precisely the wrong time for an interest hike! Market is manipulated by a bunch of clowns! What should you do? – Marc Faber

  1. Well, Marc Faber is one of those gurus who are convinced and like to make contrarian predictions. A lot of them actually. So based on the probability principle sooner or later they will be right.
    Following his advice all the way people would have missed many opportunities to grow their nest egg.
    Having said that, what happened the last 7 or 8 years can not go on forever.
    I agree diversification is essential. I force myself never to forget geographical diversification as well as strategic diversification in order to achieve 'real diversification'.

    1. Hi Andy,

      Faber is not alone being accompanied by Peter Schiff, who is also at the extreme end of the bear, for a long period of time. While I do not agree entirely with them, their bearishness reasoning does have a strong logic behind.

      Like what you say, the market rally cannot go on forever, esp after 7-8 years, so this is one reason why I decide to post this article to create a contrarian view to the recent rally over the recent rate hike.

      And sometimes, it can be fun listening to them! Last but not least, I agree that many opportunities will be missed if we followed Faber's advice throughout the years. Haha.

      Yes, diversify diversify diversify!

  2. Rolf,

    I like Marc Faber.

    Look, if a guy can wear a pony-tail like him, he must be quite self-assured!

    I'm also an omnivore 🙂

    1. Hi Jared,

      Yes, I like Marc Faber too! I think he is a funny guy. At the very least his long term bearishness is mainly on US and he does come with some suggestion of how to deal with it.

      Yes, I like the pony tail, and I am an omnivore also. haha 🙂

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