Nice job by Doc Efrig in his recent interview with Marc Faber for his Stansberry Radio podcast. It’s one of the best Faber interviews I’ve heard in a few months – the dude is great in long form.
Faber’s best line comes when asked to go in Asia for nightlife: “For nightlife you have to go to Bangkok,” Faber responds. “And then again to Bangkok…”
Some other takes:
- He’s down on the ROI of higher education (as are we)…sounds like he did a mini-expose in last month’s GBD Report
- The value of money has depreciated significantly over the past several decades
- Believes the euro and the dollar are “both sick” – the question is which will outperform over a six-month period
- He still will never sell his gold – “I’d rather lose 50% in gold than 100% in paper currencies”
And a few book recommendations:
- Manias, Panics, and Crashes by Charles Kindleberger
- Fernand Braudel’s three-volume History of Civilization and Capitalism
- The Lessons of History by Will Durant (which is excellent in audio form by the way)
If you’re in iTunes, you can download the episode there – or, here’s the direct link to the Faber interview on Stansberry Radio.