Tesla’s Biggest Bull: Billionaire Investor Ron Baron 11/10/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 10 November 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

At the 30th annual Baron Investment Conference, billionaire buy-and-hold investor Ron Baron explains why 10% of his portfolio is Tesla stock, and 4% is SpaceX. He’s Elon Musk’s biggest bull, and he shares his excitement about the “railroad to space” SpaceX is planning to build. A long-term investor and optimist, Baron explains why he has never owned a bond, and why he invests as much as he can, whenever he can. Plus, Senator Joe Manchin (D-WV) is not seeking reelection, which has sparked speculation that he may be readying himself for a Presidential bid. Ron Baron - 10:35, 26:46 In this episode: Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC 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	Famed buy and hold billionaire Elon Musk's biggest fan, it's Baron
0:13.0	Baron's Ron Barron.
0:14.6	And those two companies, Tesla's 10%, SpaceX is 4%.
0:18.2	So that's sort of 14% of our monies
0:20.4	in those two companies.
0:21.6	86% of our money is not in those two companies.
0:24.4	Why he's bullish on stocks and on his signature long-term optimism.
0:28.9	You would never buy a two-year bond or a five-year bond
0:31.6	or ten-year bond.
0:32.6	I've never owned a bond.
0:34.1	Ever.
0:35.1	Never.
0:36.1	Not one. Plus, Joe Manchin shakes up the balance of power in Senate, and unpredictable weather
0:41.6	closes the fucking door.
0:43.0	At a presentation by a Fed Chief Jay Powell.
0:45.0	Yeah, that raises a street threat.
0:47.0	But he left the door open to more rate hikes.
0:50.0	Very good.
0:51.0	Very good. Very good.
0:52.0	It's Friday, November 10th, 2023, Squack Pod begins right now.
	...

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