SPECIAL: Ron Baron: A ‘Once in a Generation’ Buying Opportunity 8/25/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 25 August 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

The legendary buy-and-hold investor says there has never been a better time to buy stocks and invest in the U.S. markets. In an extended interview, the Baron Capital Chairman and CEO said he’s been picking up bargains since the market rebounded from a June low point. Baron correctly called the comeback in stocks and now he is sharing what he’s been buying: growth companies that hedge against inflation. Plus, the Biden administration’s plan for student loan forgiveness brings back discussions of moral hazard that Joe Kernen, Becky Quick and Andrew Ross Sorkin have been having since the Great Financial Crisis. And, delays at the multiplex - Warner Bros reshuffles movie release dates Joe’s assigned reading to listeners: Nobody Knows How Interest Rates Affect Inflation Student Loan Forgiveness: Check if you Qualify In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C NBC producer Katie Kramer today on Squawk Pod.
0:08.0	Ron Barron, the billionaire investor who has seen it all.
0:12.0	And people were really upset about inflation, interest rates.
0:15.0	That was when I started Bown Capital, 1982.
0:18.0	800 on the Dow Jones, now 32,000.
0:20.0	He says he's seen enough to know now is the time, a once in a generation moment to invest.
0:27.0	Everything doubles in price every 14 or 15 years, your house, your tuition, your car.
0:31.0	If you go back to the time of Jesus Christ from zero to 1500 the
0:35.8	economy doubled and a number of people doubled. Baron on what he's buying and
0:39.8	getting past the bumps in the road. Every time, every single time, there's been a financial panic, there's been a war, there's been a COVID,
0:48.0	chaos.
0:49.0	Whenever these sort of things happen, the government steps in in every democracy that's ever existed and devalues our
0:55.4	currency. Plus Joe, Becky, and Andrew on resurfacing those bumpy roads.
1:01.0	For a decade since 2008 we've been talking about this exact
1:04.6	conversation as the economy hits a policy and political inflection point. I wish
1:09.6	the Fed the rest of us didn't have to pay for bad policies.
1:14.0	It's Thursday, August 25, 2022, Squac Pod begins right now.
1:19.2	Stand under by in three, two, one, two, one, you Andrew.
1:23.2	Good morning and welcome back to Squack Box right here
1:25.6	on C and B.
1:26.8	I'm Andrew A Sorkin, along with Becky Quick and Joe Kernan.
	...

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