Contrarian Investor Marc Faber, also known as “Doctor Doom,” was born and educated in Switzerland, where he raced for the Swiss National Ski Team. At age 24, he earned a Phd at the University of Zurich in Economics where he graducated magna cum laude.
Faber says he’s very surprised as he believes the market on Obama’s reelection “should be down 50%.” He contends that Obama is “a disaster for business, a disaster for the U.S.”
He adds that Romney “wouldn’t be much better.” However, he believes that the GOP has a better grip on what the nation needs to get back on track.
His advice for investors is typically “Doctor Doom” contrarian: buy a machine gun if you can.