Marc Faber was on CNBC yesterday. You might not know him, but as I live in Switzerland he is the Warren Buffett of Switzerland. What I like about Marc is that he is both a speculator, investor and very much a realist.
Yesterday he said the real problem was the financial industry that is in a massive bubble that needs to be deflated. Squawkbox looked at him and thought, Huh? Marc is actually quite right because there is an investing bubble like the dot.COM bubble.
3 comments Tuesday, Oct. 23, 2007
by Christian
