“Faber, living up to his “Dr. Doom” nickname, told CNBC that he doesn’t like any particular asset class, though he said he has a diversified portfolio. “I’m not liquidating everything, but I have a lot of cash.” Here is a direct link.
-
Cory's Chart Corner
-
10 yr. yld rollsover right at upside resistance as traders ponder global deflationary data points...($TNX chart) http://t.co/fHSolSVTO6 4 days ago
-
The carry trade has lost a wheel and the other is now wobbling...(Yen Chart). http://t.co/rt5rzFAttX 6 days ago
-
RT @HarvardBiz: "I always found that depending on my own system was what carried me through."- Arnold Palmer: http://t.co/YVC8vH1pnO http:/… 6 days ago
-
Media Reviews
“An explosive critique about the investment industry: provocative and well worth reading.”
Financial Post“Juggling Dynamite, #1 pick for best new books about money and markets.”
Money Sense“Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.”
Toronto SunThis Month
-
Archives
Log In
I have no idea what Mr. Faber’s net worth is but I do know that it is enough that with his asset mix it doesn’t reallly matter what happens to world markets. His diversification by asset class, as stated by himself, is roughly 4 equal parts of gold, cash,dividend paying equities and real estate. I am reasonably sure that any one of the four puts him well into the 1% club.
Speaking of Gonzo Journalism!
China blew out its export numbers last night. Everything I received for Christmas was made in China