“People still think of emerging market economies as poor cousins, but because 80% of the world’s people are here, in aggregate the consumption is huge. These are not saturated markets and they are growing rapidly.
Everybody should have 50 percent of their money in the emerging world, outside the West. People should also keep the custody of their assets overseas."
in a Ludvig Von Mises Institute, University Club in Manhattan
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
