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- Marc Faber's Insights on Asset Bubbles, Market Trends, and Inflation
Marc Faber's Insights on Asset Bubbles, Market Trends, and Inflation
Join legendary investor Marc Faber as he discusses the unprecedented asset bubble, the terminal phase of the US bull market, and the impact of central banks on inflation. Gain valuable insights from his vast experience in the investment business.
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Video Transcript
we are in history in an
unprecedented asset Buble I think the US
is in a terminal phase of a bull market
I call this the trump top a central bank
that prints money is
a is a criminal that is the word
Criminal
welcome to speak up on the wealthy on
network I am your host Anthony
scaramucci and joining us now uh
longtime legend in the investment
business uh somebody that's been to our
conferences a few times Mark so thank
you for that it's the legendary Mark
Faber he publishes a well-known letter
it's the Gloom boom and doom report
which of course I am a subscriber to he
is a contrarian and he's somebody that
uh we we should all listen to for so
many different reasons but the main one
is you're right a lot you're right a lot
Mr Faber and so Mark tell us first how
you got into Finance why this has been a
dedication of yours for almost 50 years
how many years Mark more than 50 years
more than 50 years but actually that
what happened is when I was studying I
was ski racing so I was earning some
money from the ski RAC races and I
participated in several World Cup races
but by the time I finished my studies
with a PhD uh at the London School of
Economics I sort of had uh some money
just some
$20,000 and I thought okay I put it all
in some stocks and if I win I travel
around the world and if I lose I go to
work so I bought p Central and Lon and
both went
down they had gone down by 90% they went
down another
90% and Pen Central went past and was
restructured but Lon was then performing
very well but anyway I started to work
and it was very simple I didn't know
what to do and I went for different job
interviews I took at the job that paid
the most that was an American Investment
Bank
well I I love I love that part of your
