Investors should diversify, as we don't know what the world will look like in five years. Markets valuations are sky-high, but the economic reality for ordinary people is not good, Faber said.
In the last five years, growth stocks have outperformed value stocks. And I think we are now coming to a stage where value stocks will outperform growth stocks going ahead, Faber said
The largest footprint of the Modi government has been infrastructure spending, which I think is very important. This is one thing the new government must carry out, says Faber
Emerging markets are relatively inexpensive compared to the developed markets. If one was to compare the valuation of emerging market stocks to the US, they do not appear cheap.