Genericnic Posted January 28, 2014 Share Posted January 28, 2014 I really must get out of my cave more often. Who is Marc Farber and, more importantly, why should I care? You should care - he is none other than Chiang Mai's own Goldfinger... Well, he'd better hope that Bond, James Bond doesn't show up here. You know what happened the last time. David Link to comment Share on other sites More sharing options...
ebean001 Posted June 14, 2015 Share Posted June 14, 2015 I think wangtan village is the best. Gated....nice pool...good restaurant. Link to comment Share on other sites More sharing options...
Beetlejuice Posted June 14, 2015 Share Posted June 14, 2015 I really must get out of my cave more often. Who is Marc Farber and, more importantly, why should I care? David https://en.wikipedia.org/wiki/Marc_Faber Link to comment Share on other sites More sharing options...
Sanctum Posted June 14, 2015 Share Posted June 14, 2015 thanks got it. my logic here, and I may not be correct, is I wanted to see where I could live in Chiang Mai if money was no issue. So I am thinking Mr. Farber might be in a nice area. http://thesanctumchiangmai.com/ Link to comment Share on other sites More sharing options...
bangmai Posted June 15, 2015 Share Posted June 15, 2015 Several months ago, they had Faber on CNBC, and replayed his bold doomsday predictions of the last five years. He couldn't have been more wrong. Link to comment Share on other sites More sharing options...
TheAppletons Posted June 15, 2015 Share Posted June 15, 2015 Mark Farner lives in Chiang Mai??!! Link to comment Share on other sites More sharing options...
Konini Posted June 15, 2015 Share Posted June 15, 2015 Several months ago, they had Faber on CNBC, and replayed his bold doomsday predictions of the last five years. He couldn't have been more wrong. Now I know who you mean - predicted 6 of the last 2 recessions if I'm correct. Link to comment Share on other sites More sharing options...
Konini Posted June 15, 2015 Share Posted June 15, 2015 (edited) Several months ago, they had Faber on CNBC, and replayed his bold doomsday predictions of the last five years. He couldn't have been more Double post Edited June 15, 2015 by Konini Link to comment Share on other sites More sharing options...
Asiantravel Posted June 15, 2015 Share Posted June 15, 2015 Several months ago, they had Faber on CNBC, and replayed his bold doomsday predictions of the last five years. He couldn't have been more wrong. Now I know who you mean - predicted 6 of the last 2 recessions if I'm correct. you mean being right but being early simply means that you are wrong Link to comment Share on other sites More sharing options...
Oceanbat Posted June 15, 2015 Share Posted June 15, 2015 I like Marc. Get his newsletter and it's always an interesting read and thought provoking. I subscribed after seeing him at the clsa forum around 10 years ago. If you get a chance he did a pretty interesting interview on cnbc i think it was on Asian women, it was highly entertaining. Some part of me also has a bit of respect for a man rocking a pony tail whilst being completely bald on top. OB Link to comment Share on other sites More sharing options...
bangmai Posted June 15, 2015 Share Posted June 15, 2015 No, meaning he has been completely bearish since dow 8000; and now it's close to 18,000. But, yes, people who continuously predict doom and gloom are eventually right. He also called for gold to be up 30% this year....https://www.youtube.com/watch?v=X7efsK7Hf5Y Link to comment Share on other sites More sharing options...
Oceanbat Posted June 15, 2015 Share Posted June 15, 2015 No, meaning he has been completely bearish since dow 8000; and now it's close to 18,000. But, yes, people who continuously predict doom and gloom are eventually right. He also called for gold to be up 30% this year.... Yes. He and Jim Rogers are birds of a feather but somewhat entertaining at least and provide some balance to the cnbc cheerleaders. Rogers has been a massive China bull for 10 years and been dead wrong until this year. Still a billionaire though....Fabers gold call was horrific but it think it was more personal between himself and Bernanke OB Link to comment Share on other sites More sharing options...
bangmai Posted June 15, 2015 Share Posted June 15, 2015 I don't think he could carry Professor Roger's jockstrap. George Soros might be a better comparison. Both would jump into bed with Hillary (or Bill) if they had a chance. Less cheer-leading on Bloomberg, and it's free. Link to comment Share on other sites More sharing options...
HenryB Posted June 16, 2015 Share Posted June 16, 2015 I knew, and often photographed, a Marc Faber in Hongkong in the nineties. He was a financial industry expert whose nickname was Dr Doom because he took a much more realistic, pragmatic view of the markets than that of many of his more excitable, manipulative colleagues. Might be the same guy? Yes the same man Dr Mark Faber the contrarian investor. The Mark Faber the investor is 68 Link to comment Share on other sites More sharing options...
kalbo123 Posted June 16, 2015 Share Posted June 16, 2015 Marc Farber lives in Linda's bar...it's on Loy Kroh. Link to comment Share on other sites More sharing options...
stillbornagain Posted June 17, 2015 Share Posted June 17, 2015 His market opinions, and that is what they are, more than paid for our 5 star wedding in 2009, when he called the bottom in the market. I was selling puts as the market was dropping and had acquired oodles of a mining stock that went from 47 down to 3, and then wrote covered calls as it went back up to 60. He is the first to say that no one can time the market, but he is very skilled at seeing the macro global picture. Must be doing something right to have 300 USD million under management. Actually, if anything, the opposite is the case. His grasp of macroeconomics is clearly defective. He's been predicting hyperinflation since 2009. That is not the mark of a man who understands macro. And his portfolio has been underperforming the markets for the last several years, too. It's nice that his call worked out well for you, and I understand your gratitude, but he's been no benefactor to his investors for several years now. Link to comment Share on other sites More sharing options...
DaddyWarbucks Posted June 19, 2015 Share Posted June 19, 2015 Marc Farber lives in Linda's bar...it's on Loy Kroh. Linda probably knows more about him than anyone else in Chiang Mai. A number of years ago I heard that he lived on a soi off the CM-Lamphun Rd. near the the Gymkhana Club. Link to comment Share on other sites More sharing options...
stillbornagain Posted June 19, 2015 Share Posted June 19, 2015 His market opinions, and that is what they are, more than paid for our 5 star wedding in 2009, when he called the bottom in the market. I was selling puts as the market was dropping and had acquired oodles of a mining stock that went from 47 down to 3, and then wrote covered calls as it went back up to 60. He is the first to say that no one can time the market, but he is very skilled at seeing the macro global picture. Must be doing something right to have 300 USD million under management. Actually, if anything, the opposite is the case. His grasp of macroeconomics is clearly defective. He's been predicting hyperinflation since 2009. That is not the mark of a man who understands macro. And his portfolio has been underperforming the markets for the last several years, too. It's nice that his call worked out well for you, and I understand your gratitude, but he's been no benefactor to his investors for several years now. Yes, but when asked when it will happen, he is the first to say he has no idea, maybe in 5 years, maybe in 10. No one can predict anything with certainty, and those that say they can are shrills. Most hedgefunds have bad years, does not mean he does not know what he is doing. Look at his Barron round table picks and you will see he was in the top for many years. I would hate to be a fund manager, as soon as there are a few poor years the weak say they do not know what they are doing and pull out. Wrong type of investment attitude in my opinion. I invest heavily in silver, and its been down for the past few years, so does that mean its a poor investment? For me, no, as my timeline for the trade is 30 years plus, so I look at it as selling at a discount, and will continue to accumulate small amounts on a regular basis. Some one asked, how do you eat an elephant? In small bites, one at a time. So, as long as he doesn't put a date on his predictions, he can only be proved right and never be proved wrong? Link to comment Share on other sites More sharing options...
WinnieTheKhwai Posted June 19, 2015 Share Posted June 19, 2015 Marc Farber lives in Linda's bar...it's on Loy Kroh. . A number of years ago I heard that he lived on a soi off the CM-Lamphun Rd. near the the Gymkhana Club. Ah, good choice. Very close to the city center, but still a very local 'Chiang Mai' area without the worst of the tourist stuff. Only issue is that it floods every 5 years or so. But who knows, that may be getting less, too. Link to comment Share on other sites More sharing options...
Oceanbat Posted June 19, 2015 Share Posted June 19, 2015 Marc Farber lives in Linda's bar...it's on Loy Kroh. . A number of years ago I heard that he lived on a soi off the CM-Lamphun Rd. near the the Gymkhana Club. Ah, good choice. Very close to the city center, but still a very local 'Chiang Mai' area without the worst of the tourist stuff. Only issue is that it floods every 5 years or so. But who knows, that may be getting less, too. I heard he has one of the best collection of Mao era art and collectibles on earth. His newsletter costs a fairly punchy US$500 a year and I imagine he has a decent following so I think he would have a decent pad. Like I said, I like him and like his perspectives. He doesn't sit on the fence and I admire that. OB Link to comment Share on other sites More sharing options...
stillbornagain Posted June 19, 2015 Share Posted June 19, 2015 Marc Farber lives in Linda's bar...it's on Loy Kroh. . A number of years ago I heard that he lived on a soi off the CM-Lamphun Rd. near the the Gymkhana Club. Ah, good choice. Very close to the city center, but still a very local 'Chiang Mai' area without the worst of the tourist stuff. Only issue is that it floods every 5 years or so. But who knows, that may be getting less, too. I heard he has one of the best collection of Mao era art and collectibles on earth. His newsletter costs a fairly punchy US$500 a year and I imagine he has a decent following so I think he would have a decent pad. Like I said, I like him and like his perspectives. He doesn't sit on the fence and I admire that. OB To me, he's like a preacher who vehemently preaches that Jesus is coming soon and gets to condemn all sorts of nonbelievers. But when you ask that preacher when is "soon? he becomes strangely reticent. So, basically, he's there to provide entertainment and uplift for believers. But when it comes to putting his predictions on the line, there's nothing there. Link to comment Share on other sites More sharing options...
Oceanbat Posted June 19, 2015 Share Posted June 19, 2015 Marc Farber lives in Linda's bar...it's on Loy Kroh. . A number of years ago I heard that he lived on a soi off the CM-Lamphun Rd. near the the Gymkhana Club. Ah, good choice. Very close to the city center, but still a very local 'Chiang Mai' area without the worst of the tourist stuff. Only issue is that it floods every 5 years or so. But who knows, that may be getting less, too. I heard he has one of the best collection of Mao era art and collectibles on earth. His newsletter costs a fairly punchy US$500 a year and I imagine he has a decent following so I think he would have a decent pad. Like I said, I like him and like his perspectives. He doesn't sit on the fence and I admire that. OB To me, he's like a preacher who vehemently preaches that Jesus is coming soon and gets to condemn all sorts of nonbelievers. But when you ask that preacher when is "soon? he becomes strangely reticent. So, basically, he's there to provide entertainment and uplift for believers. But when it comes to putting his predictions on the line, there's nothing there. That's life thought right? Entertainment? I get his newsletter. I like ie reading it while drinking coffee. He has some interesting ideas. I'm a mass consumer of media so I love it along with bits and pieces from clsa. I read as many viewpoints as I can and if I can get it 60% right I think I'm doing ok. I like how enlightened he is and I like his view (whether I think it is right or wrong?) OB Link to comment Share on other sites More sharing options...
Steven Bradwell Posted June 19, 2015 Share Posted June 19, 2015 You outta get a hold on his phone digits or email him instead of asking like this. Just my humble opinion Link to comment Share on other sites More sharing options...
fcgprg Posted June 20, 2015 Share Posted June 20, 2015 11th April 2014 "US stocks will fall 30%in the next 12 Months" 30th April 2014 "A crash is coming in the next 12 months" 30 July 2014 "expects stocks to drop by 20-30% by October" Quotes with dates attached from his blog. Link to comment Share on other sites More sharing options...
LolaS Posted August 8, 2017 Share Posted August 8, 2017 WOW, whole tread on Marc Weber, I would like to know if he predicted this market rise under Trump and what is his opinion on crypto currencies. Link to comment Share on other sites More sharing options...
mesquite Posted August 8, 2017 Share Posted August 8, 2017 (edited) 1 hour ago, LolaS said: WOW, whole tread on Marc Weber, I would like to know if he predicted this market rise under Trump and what is his opinion on crypto currencies. I know people who have talked to him in person, down at Linda's bar on Loi Kroh. That was two years ago and I don't know if he hangs out down there anymore. He likes to flirt and talk to the ladies. Assuming your avatar is a current picture of you, I'm sure he'd love to talk to you about the market, cryptocurrencies, etc. Edited August 8, 2017 by mesquite Link to comment Share on other sites More sharing options...
Dante99 Posted August 8, 2017 Share Posted August 8, 2017 12 hours ago, LolaS said: WOW, whole tread on Marc Weber, I would like to know if he predicted this market rise under Trump and what is his opinion on crypto currencies. Don't think he predicted anything economic. He is a retired F1 driver. Link to comment Share on other sites More sharing options...
CMKiwi Posted August 9, 2017 Share Posted August 9, 2017 His main base is now in Bangkok but he does still have a place in the Gymkhana area....his wife also has land in Mae Rim. Never met the guy but have spoken to his wife on many occassions.... she is a very lively and funny lady, Link to comment Share on other sites More sharing options...
LolaS Posted August 9, 2017 Share Posted August 9, 2017 22 hours ago, mesquite said: I know people who have talked to him in person, down at Linda's bar on Loi Kroh. That was two years ago and I don't know if he hangs out down there anymore. He likes to flirt and talk to the ladies. Assuming your avatar is a current picture of you, I'm sure he'd love to talk to you about the market, cryptocurrencies, etc. but he is married Link to comment Share on other sites More sharing options...
Somnambulist Posted August 9, 2017 Share Posted August 9, 2017 On 6/15/2015 at 10:19 AM, bangmai said: Several months ago, they had Faber on CNBC, and replayed his bold doomsday predictions of the last five years. He couldn't have been more wrong. Faber readily and often admits that he is a terrible market timer (Jim Rogers says the same thing), but that hasn't stopped both of them from worth listening to. When gold went to $1,900 an ounce he (and Rogers, too) said it would be healthy for it to correct to 1,000 or 1,100. No one else way saying that. And they were right. He was also right about the tech bubble, although he did get out several years before the bubble burst. Link to comment Share on other sites More sharing options...
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