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TDI Podcast 96: Faber on Bernanke – CLOWN!

February 16, 2009

Guest: Dr. Marc Faber, The Gloom, Boom & Doom Report. We discuss the current stimulus package as well as Dr. Faber’s thoughts on Ben Bernanke. Let’s just say he is not his biggest fan… Also, in this episode, we tell you how to get your free download of  my book, The Disciplined Investor!  Why? because we are celebrating my being named the champion of the MSN Money Strategy Lab. Yes, it is officially over and my portfolio was up 14.55% versus the S&P 500 down 35%.

LISTEN TO PODCAST NOW | LISTEN @ ZUNE - @ iTUNES

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marc_faber

Dr. Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude.

Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong.

Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED which acts as an investment advisor and fund manager.

Dr Faber publishes a widely read monthly investment newsletter “The Gloom Boom & Doom Report” report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW’S GOLD – Asia’s Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “ TOMORROW’S GOLD ” was for several weeks on Amazon’s best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world.

A book on Dr. Faber, “RIDING THE MILLENNIAL STORM”, by Nury Vittachi, was published in 1998.

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Written by Andrew Horowitz · Filed Under Economy, Markets, PODCASTS, SHOW NOTES 

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14 Responses to “TDI Podcast 96: Faber on Bernanke – CLOWN!”

  1. Chris from Michigan on February 17th, 2009 2:29 am

    Honestly, I may have to take a break from some of these episodes because they are so depressing (but obviously reality). Just a slight suggestion, but with all the guests lately, it seems as if much of the interview time is spent rehashing the crappy state of our economy and not as much (as I personally would like) on how to profit in these times beyond quick questions if people like gold or China. Don't get me wrong, this is the first podcast I listen to every week, and obviously you can't tell us all of your ideas, as that would defeat the purpose of your managed fund, but I'd love to hear more on HOW to find some of the investment/trading ideas that you come across during your fund management work. Perhaps I have unreasonable expectations :).

  2. jeremy on February 17th, 2009 12:22 pm

    Hey Andrew what's up with UCO oil was up 10% or more Friday and UCO was down 6% ?

  3. Andrew Horowitz on February 17th, 2009 3:30 pm

    Re: Chris from Michigan commented on TDI Podcast 96: Faber on Bernanke – CLOWN! –

    The podcasts are designed to inform. First and last rule: Put emotions aside.

    I will bring on a BULL , lets see what they have to say. Good Idea?

    Andrew

  4. Andrew Horowitz on February 17th, 2009 3:37 pm

    Re: jeremy commented on TDI Podcast 96: Faber on Bernanke – CLOWN! –

    E are looking into this. Very disturbing..

    Andrew

  5. Chris from Michigan on February 17th, 2009 4:58 pm

    Understood Andrew, and the podcast does inform. I have no problem taking emotion out of investment decisions, but obviously this financial collapse impacts more than just investments (notice the state that I live in!).

    As for your bull suggestion, I'm not sure I'd believe someone that was overly bullish, but perhaps someone that says things could go either way :-).

  6. Howard from Durham on February 17th, 2009 5:37 pm

    I enjoyed your podcast conversation with Dr. Doom. Regarding the propriety of Obama's stimuli and bail out policies, all of the many guests who dismiss it all need to do one of two things: either explain the full ramifications of doing nothing, or suggest an alternative policy. The congressional Republican alternative- more tax cuts- is a dead horse. After decades of tax cuts, their stimulative effect has been neutered. In the current climate of fear, both businesses and individuals will hoard their tax cuts. Relatively speaking, Summers and Geithner are sublime prophets compared to McCain and his sidekicks. So what do we do, as for national economic policy? I'm all for skepticism and criticism, but it seems to me that doing something about the economy just might be more appropriate than doing nothing at all. Any ideas, Andrew? Thanks!

  7. Andrew Horowitz on February 17th, 2009 8:11 pm

    I concur

    A

  8. Gil on February 17th, 2009 8:21 pm

    Andrew I appreciate your insight and voices like yours have helped me do pretty well in my investments the last couple of years. But I think it's time to step back from the abyss fo a while. I agree that we are going through a depression-like process structurally but there's also a lot of pent up vitality in the economy and the people, we're not a bunch of washed up losers regardless of what the govt does.

  9. Andrew Horowitz on February 17th, 2009 11:43 pm

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    Agreed. Will step back when I see the fundamentals change and when I see solid evidence. Just wanting to feel better is not enough , no matter how much we want it to be.

    Sorry…
    Andrew

  10. Andrew Horowitz on February 17th, 2009 11:44 pm

    Agreed that I also want to know what a do nothing plan looks like – though we saw that in the 30's… Right?

    Andrew

  11. MikeRiegger on February 19th, 2009 5:03 am

    He's got an accent you can trust and gave an endorsement of Ron Paul. I like this guy.

  12. VPro on February 22nd, 2009 1:05 am

    Andrew – Keep up the excellent work. I personally don't want you or your guests to tell me what you think I want to hear, but instead tell me what I need to know. After being misled and/or lied to for the past year by the likes of Paulson, Bernanke, B. Frank, etc. the truth while sometimes unpleasant should be a refreshing reality for people.

    Chris – A. & his guests have been providing options to consider such as forgetting about buy and hold, getting more educated as a trader, learning about ETFs, money management, looking to buy on oversold conditions and selling on overbought ones. Another thing is don't feel like you have to be in the market.

  13. Andrew Horowitz on February 23rd, 2009 4:43 am

    Re: VPro commented on TDI Podcast 96: Faber on Bernanke – CLOWN! –

    Thanks

    A

  14. Trader Jobs on December 29th, 2009 9:16 am

    Hah! Bernanke is a clown! Nice, I've waited for that phrase for ages!

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