Investment guru Marc Faber, famed for his gloomy views on financial markets, took some time out from being the voice of doom on Wednesday to highlight areas of the market that he actually liked.
On CNBC Asia's "Squawk Box," the author of the Gloom, Boom and Doom report singled out the agriculture sector, Chinese and Hong Kong stocks and precious metals as places he thought investors should put their money into.
"In general I like plantation companies – I like everything to do with agriculture," said Faber, who is also widely known as Dr Doom.
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"Now agriculture prices have tumbled – corn, wheat, soy beans and so forth, but in the long run we have a global population that has more than doubled since 1960. We are now seven billion people and we will still grow. I think resources are very stretched and food will become very important," he added.
In terms of geographies, Faber reiterated his view that the U.S. stock market was the most expensive in the world, followed by European markets, and said China looked cheap in comparison.
"Hong Kong and China are very inexpensive relative to the rest of the world and are in a colossal bubble," he said.
Faber warned, however, that investors shouldn't expect immediate returns if they were to buy the markets right now, but said they could offer a lucrative longer term investment. He flagged Chinese insurance firms as a particular hotspot.