My guest today is Marc Faber, a Swiss investor based in Thailand. He is the publisher of the Gloom Boom & Doom Report newsletter and the director of Marc Faber Ltd, which acts as an investment advisor and fund manager. The topic is economics. In this episode of Trend Following Radio we discuss: ▪️ Current state of Russia ▪️ Changing geopolitics ▪️ Faber’s experience living through the Cold War ▪️ The difference between Crimea’s value to the west and its value to Russia ▪️ Why the Russians perceived the uprising in Kiev to be financed by western power ▪️ China’s reaction to the situation in Crimea; the construction boom in China ▪️ The difficulty of forecasting China’s geopolitical changes ▪️ Positive and negative valuations of the market, and finding investments to be “cheap” or “expensive” ▪️ Faber’s advice to young people following his path today in the face of money printing and bailouts ▪️ What can be done about wealth inequality ▪️ Making a living in the face of instant communication and globalization ▪️ Central banks’ role in wealth inequality ▪️ Why money printing leads to bubbles ▪️ Warren Buffett’s involvement with the bailouts, and how his government connections have helped his investments ▪️ How governments are assimilating everything ▪️ “Capitalism and Freedom” by Milton Friedman ▪️ The cost of large government in the US and elsewhere ▪️ Faber's views on relationships, contrasting the West and Asia along with Facebook fame Jump in! --- I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation! |
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