Wednesday, January 15, 2014

Marc Faber would rather buy Alibaba, Amazon, Google than Facebook

I think Facebook is a to a large extent a fad and people they go on Facebook. For most people what people do is, they put a picture on, and the only people that watch these pictures are themselves. They all want to be stars. Its a very distracting type of occupation. I cant imagine that this would have a lot of value. The question is how much use it is. 

[Instead] I would rather own, I don't own it because its very highly priced, a company like Alibaba, Amazon, Google than Facebook personally. That is my view.