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Bestselling author Michael Covel is the host of Trend Following Radio with 10+ million listens. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trading -- all passionately explored and debated. Guests include Nobel Prize winners: Robert Aumann, Angus Deaton, Daniel Kahneman, Oliver Hart, Harry Markowitz & Vernon Smith. More guests: Jack Canfield, Howard Marks, James Altucher, Dan Ariely, Jean-Philippe Bouchaud, Kathleen Eisenhardt, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Tucker Max, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams.

Mar 26, 2014

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!

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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/

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