Managing Director
Marc Faber Ltd. | Hong Kong
“I am surprised nobody mentioned India today. The world is changing. In the past 10 to 15 years there has been a huge shift in the balance of economic power. The Western world still regards itself as the dominant economic force, but auto sales and oil consumption, for instance, are larger today in emerging economies. India added over a hundred million mobile phones last year.”
Picks by Marc Faber in January: NovaGold Resources [NG]; DSG International [DSGT.Thailand}; ARA Asset Management [ARA.Singapore]: Thai Beverage [THBEV.Singapore]; Thai Tap Water Supply [TTW.Thailand]; Kingsmen Creatives [KMEN.Singapore]; Vietnam Enterprise Investments [VIETENI.Ireland]; Stella International [1836.Hong Kong]; Bank of Georgia [BGEO.UK]; Oslo Bors [OSLO. Norway]; Buy gold; Short the pound against the U.S. dollar. Barron’s Roundtable, January 18, 2010.
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