Marc Faber, famously known as Doctor Doom, was born on the February 28, 1946, in Zurich, Switzerland. He graduated from the Zurich University with a degree in Economics and later, he went on to get a PhD in Economics graduating magna cum laude. In the 1970s, Faber worked in the White Weld & Company Limited and was sent to its branches in Zurich, NYC and Hong Kong, where he eventually settled in 1973 and began working at the Drexel Burnham Lambert. Seventeen years later, while he was serving there as the director of management, the company went bankrupt and was closed down. Following this, Faber ventured out into the business world on his own and founded Marc Faber Ltd.
His company serves as an investment advisor and consultancy. Faber is also involved in fund management, servicing clients for greater financial establishment. He made the field of investment his forte and his policies of non-conformism, different strategies of investment and contrarian investment acts have received worldwide acclaim. He came in the limelight due to his prediction of the crash of 1987 as he accurately advised his clients to get out of the stock market before the crash of October 1987, saving them millions of dollars. N. Vittachi’s book Doctor Doom – Riding the Millennial Storm – Marc Faber’s Path to Profit in the Financial Crisis, published in 1998, brought Faber’s success story to every doorstep, as he was subject of the book. Since then, Faber is frequently seen on television, participating in forums and radio shows, giving his opinion on investment opportunities and financial struggles. He has also been involved with the Barron’s Roundtable.
In the course of the last 12 years, Faber’s marketing strategies and views have been very conducive and have contributed immensely to the business world. He was successful in predicting future trends such as the rise of precious metals and oil, the US dollar slide after 2002 and the rise of China. He conducted a research on the rise of China which can be studied in his work, Tomorrow’s Gold: Asia’s Age of Discovery. Marc Faber expresses his opinion of investment variety as ‘immovable property, stocks and merchandise’. He is strongly opposed of Fed’s strategy of inflation. According to his prediction, the next 10 years will see a rapid rise in hyperinflation all over the world.
In 2008, he accurately foresighted the recovery of the dollar and the holding of the Japanese yen. Moreover, in 2013, Faber correctly predicted the bottom of the United States market although, according to his prediction the rally would last six months, which it didn’t.
Marc Faber has made immense contributions to the field of business investment through his writings and research, he has authored several books and also writes a regular investment newsletter called The Gloom Boom & Doom Report. He has contributed to several websites, including the Financial Intelligence, Boerse, Finanzen, Swiss Radio, Oriental Daily, and the Asian Bond Portal among others. He has been a regular contributor to illustrious magazines such as Forbes and International Wealth, and occasionally writes for the Borsa e Finanza, the Wall Street Journal and the International Herald Tribune.