This article was originally posted in March…. 2016. Due to unforeseen circumstances we have been forced to update this post… Okay he does not say 1987 style Crash but Marc Faber does say 50 percent so it basically should qualify.
We also embedded the videos for those who want to learn from this sage wisdom of Dr. Doom and Gloom…….
The point of this is not to laugh at Faber (okay that is a
small part of the reason but) also to teach investors to beware of prophets predicting doom (or booms)
Here’s what Charlie Munger had to say at the Daily Journal meeting
Charlie Munger spoke at the Daily Journal Corporation's Annual Meeting of Shareholders today. Although Warren Buffett is the more well-known Berkshire Hathaway chief, Munger has been at his side through much of his investing career. Q4 2020 hedge fund letters, conferences and more Charlie Munger's speech at the Daily Journal meeting was live-streamed on Yahoo Read More
I think This chart is incredible -Marc Faber A 1987 Style Crash Will Happen In
2012, 2013, 2014, 2015, 2016… What is that line about a broken clock again? O right….
— SCMRTrends (@SPYder_Crusher) March 20, 2016