Investor Ron Baron on trusting Elon Musk after making big bets on Tesla and SpaceX
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- เผยแพร่เมื่อ 7 ก.ย. 2024
- Ron Baron, Baron Capital chairman and CEO, joins 'Squawk Box' to discuss Walter Isaacson's recent book on Elon Musk, Baron's thoughts on the innovator, and a story Baron remembers about Elon Musk. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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stocks will continue to rally, stocks are not the economy, I had 250k put aside waiting for the fed to stop raising rates. Now I want to get back into the markets, but the hike will continue and stocks are still climbing,
The stock market will go down further and goodluck on the fed pausing rate hikes w/ all the hawkishness that has failed to keep up with inflation.
The market has been a turmoil since covid, the brief relief rallied for only a year and now the devastating effects of pumping trillions into the economy is here and will be for a while.
Stay in the mrkt and sell only if you need those funds. I got laid off and it has been difficult getting another source of income, glad I was investing when I did and of course with guidannce from a wealth-manager don’t listen to naysayers. I am making bank and the penalties for drawing from 401k to reinvest are nothing compared to the amount of wealth I now possess with my family.
I have seen a lot about FAs and actually want to consult some pro. How did you go about it? Is yours any good?
I have saved myself from all the hassle that the chaotic market causes. These days the best way to come into the market space is seeking guidance, due to side hustles i can’t handle my portfolio so i just work with LOREN LENA WALKER, a FA i came across via a recommendation from one of these TH-cam retirement coaches.
It’s been smooth since then. Cliche as it may I have made a mark up of 70% in profits investing 350k under her. It helps not to be worried about your portfolio every minute of the day.
There's a reason they call him "The Legendary" Ron Baron! He is one of the few "old school" tradefi investors who sees the potential in Tesla to be a multi-trillion dollar company. I listened to him in the early years of Tesla and bought shares in the company and continue to dca into the stock. Thank you Mr. Baron for your insight!
Always love to listen to Ron Barron ❤
One of very few real investors and winners among cnbs guests.
The earlier the better I guess. In 2015 while I still worked at Fremont. I got TSLA shares at $91. those shares were valued at $3.6M before I sold them early in the year… Bought my model Y last year at $52k. This is not a feat I was able to achieve alone. I work with a consultant at my brokerage. I diversified my portfolio and in total I am upwards $5M at 48.
I can’t buy a Tesla yet but I desperately need to improve on my finances. Especially since after the stock split and taking a hit. How have you been able to stay up in a high interest rate environment? I have heard how financial consultants help, didn’t know it was quite profitable.
Cheers, please how did you achieve this much? I have searched for advisors in my vicinity but they all insist for a percent of aum, which I am not comfortable with. Is that the case with yours too? Do you hand over your funds to manage?
Of course not! I don't give out here, it stays right in my account while my account mirrors my trader's trades automatically. It is a "fee only" advisor. We have an agreement that it is a commission for successful trades that she charges not an AUM fee. I do not hand over my funds NEVER! Searching for her name, Mary Freed Lorenz You'd get all you need. I have been working with her since I turned 40. She is a busy woman but she can offer you guidance if you get her attention
Thanks for this tip. Her website popped up on the first page immediately I searched her on google web, I read through her resume and it seems pretty tight. So, I dropped a message & hopefully she replies soon.
Bro do you have an advisor name you can drop so i can telegram my money to and become rich easily without working? 😂
CNBC, when you have Mr. Ron Baron on you get my LIKE 👍
Elon is driven to innovate, have the highest quality possible, revolutionize manufacturing, have the best engineers in the world working for him. He does not suffer carelessness, sloppy work, lazy perople or people who do not support the mission he lays out for his companies. He is blunt and direct and any of those traits will get an instant response from him. I have seen Issacson do several interviews now and that is what he describes. When he questioned Musk about how "mean" he was being to someone Musk did not view it as mean. He was being direct and letting that person know what was or wasnt appropriate, As an investor, bravo. Have you ever had a boss that want to tell you that you did something wrong but they start out "I know you probably didn't mean to, but" You never know where you stand with them. Vesus, hey, that was wrong, do it this way from now on. Clear, concise and mean if you are a snow flake.
Muck is a conman. He is not an innovator but a snake salesman. Keep promising milestones and keeps missing . Look into all the lawsuits against him.
What is the best way to profit from the current market, meanwhile I'm still undecided about investing $40k in my stock portfolio to get some dvidends and minimize risk
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
With the help of an investment advisor, I was able to diversify my $550K portfolio across multiple markets, and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks, ETFs, and bonds
Pls who is this coach that guides you? I’m in dire need of one
My consultant is Pamela Helynn Kirchoff She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
Pamela really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a call session with her
Investors can’t predict the future, bearish periods automatically give way for a new set of stocks to buy and watch while setting the stage for a new profitable uptrend. I have come across articles of people that grossed profits up to $250k during this crash, what are the best stocks to put on a watch list or buy at the moment?
It's precisely at times like these that investors need to be on guard against the next certainty. You don't have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
The uncertainties accompanying this present market is more reasons I have my daily investment decisions guided by a portfolio-coach seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy , coupled with the exclusive analysis, it's quite impossible not to outperform. Netted over $550k in return on investment
Please can you leave the info of your invstment analyst here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol
My adviser is Heather Lee Larioni. You can easily look her up. She has years of financial market experience and she is also FINRA & SEC verifiable.
Thank you for this amazing tip. I verified her and booked a call session with her. She seems Proficient.
Ron Baron is a legendary growth investor and is a money manager that has repeatedly outperformed markets. When someone like this says Tesla Stock is a once in a lifetime investment opportunity, retail investors should take heed.
Invest in Tesla stock, do not trade it. It appears to be that simple.
AGREE!
Is TESLA an EV company? An energy company? A software company? In short, TESLA is a leader in so many ways. Side note, It took Ron Baron nearly 4 years of due diligence prior to investing in TESLA. "Ron Baron is a legendary growth investor ..., "
Agreed. It definitely exceeds Ford and GM, doesn’t it? Most Americans can’t stomach extreme risk takers as they want to be dirty rich with a minimum of effort and pain. Remember when the President had his huge EV conference and Elon was snubbed.
diamond hands
I always appreciate Ron’s take on the Thomas Edison of our generation. 👍
The Tesla of our generation.
Ron Baron is perhaps one of the best, maybe the best, investor, asset manager and mutual fund manager! A great guest to have always.
Just bought my first shares of Tesla after watching this video
I hope you didn't like having that money
@@jamessderby what do you mean?? 😞
@@jodrhhThanks for your love care and support, it's my pleasure talking to you here. Where are you from??
@@jodrhh Make sure you hold on to them for YEARS. long term is important. HODL
@@Alexzw92 I already sold it for it made some money this trading stocks is easy way to make money will buy back tomorrow :)
Screw buying the S&P 500. Look how well you would have done buying Baron Partners Fund BPTRX
Elon - thank goodness we have him!
They edited out his comments about the imminent demise of Ford and GM and how Teslas eating their lunch.
Yes, and They edited out even more than that.
Mr. Musk has made important achievements for the benefit of mankind. Group dynamics react differently than an individual might. The interview was to short to really develop a thought consensus on how Elon's contributions and he should be considered in our overall future, or immediate. Becky did a fine job introducing the subject matter. Mr. Baron was to wise to quickly reveal his thoughts and feelings on a difficult subject having so many unknowns.
The cover of the book DOES not look like that, a line splitting Elons face, to make it seem like two personalities. Wow CNBS, new low. I have the book in hand, it’s how I know.
Yeah… I love how she sets up a false premise to counter Ron’s positive opinion
He is one of the best. A competent knowledgeable visionary.
Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
There are a lot of independent advisors you might look into. But i work with NICOLE DESIREE SIMON and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
Changed my life, my family thank you.
Ron Baron's fund is up 1,425.98% since inception in 2003. You can sleep well at night knowing he is managing your money. I certainly do.
I don't blame Elon. Bill Gates told him to his face I'm shorting Tesla lol. I would freak out too.
It's only about a 1.5 billion USD short. this is relatively small compared to Tesla's marketcap. Elon didn't freak out its just who he is. He's a freak (in a good way) lol
@@iceman18211but he could not appreciate Gates' hypocrisy. Shorting a company dedicated to environmental issues.
Elon called Gates categorically crazy.
@@snookmeister55 As a big Gates fan myself, i must admit it's not a good move.
@@iceman18211
I'm no longer a Gates fan after watching him squirm while explaining the 12 Epstein "dinners", overnighters at the Epstein residence, etc. Fan? Draw a line somewhere. At least Musk breeds with willing adults.
Ron is balls deep
Balls deep ron. Show me the money
Your balls-deep Ron is already multi billions in profit, sold Tesla, cashed in some profits and will still see another 5-10x from here...Clearly, someone doesn't know how legendary an investor this guy is...do the work
Ron Baron is smart to bet on Elon.
Go Elon! ❤
What was that ESG company he mentioned toward the end of the interview?
ESG is a scam!
Tesla is not focusing on the basics. Charging time, charging availability, and range. Those should be the 3 top priorities. Everyone who wants a Tesla already has one. The rest are held back by these 3 things. Tesla is going to start missing projections, because they are not in touch with their customers. If/when tax credits go away, that will further dampen demand. Sales are being propped up by the government. Tesla needs to compete on a level playing field.
Until you wrap your brain around the issue of being on the "spectrum", you will never understand. It's a wild ride.
Oh my, blondie's got a thing for Elon! Seriously doubt he'd have anything to do with you. So don't get your hopes up! 😲
Elon🙌💪⭐️
legend
My boy every dime BPTRX YOLO 'til the wheels fall off.
What rare down here is not up there a lot of money to be made.
Damn, Ron lives on the equator apparently.
Tesla and SpaceX 🏆
Maybe can play the previous records 😅
Going through the comments I just have to say this. Let's all CALM DOWN. It's true things are this way but do you know why the rich keep getting richer? They are smart enough to keep doing whatever they do that works over and over again. Even if some of them are not very ethical. Truth be told, the world has always been like this. My advisor cautioned me back in the pandemic times that it's gonna take at least 5 years for the world economy to normalize again. And it's been rolling out like that so far. I took some measures, diversified my then $120k portfolio into more time tested holdings, today it's close to the $1M mark. Do I feel the inflation, sure! but can I live with it, YES! All because I played the game smart. The sooner you work on something, the better and faster the results. Of course the economy is like a storm right now but I can bet you that A LOT OF PEOPLE still live their normal lives. Cut down spending a little bit, adjust to the state of things and surely you'll weather this storm. Don't get me wrong, most politicians and banks are still selfish i**ots
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for. You are doing well for yourself. Kudos. Is it your advisor that helped you diversify. This could be worth looking into
@@johnnyellis8928 Yea. Elizabeth Mary Huxley. One could recognize her name. She became quite well-known during the Covid era when she gave advice on how to profit from the markets and maintain stability even while working from home.
Proof that Elon has your best interests at heart even if you’ve his worst
They create a story and sell it to you. That's how they make money.
just below me
I bet she didn't expect that coming,she kept pushing the baiting 😂. And got none.
why doesn't cnbc bring gordon johnson on with ron barron there so gordon can actually learn the truth about Tesla.
Gordon's problem is he doesn't know how to learn.
I doubt Ron Baron would appear along side someone like Johnson. It’d detract from his business.
Because Gordon isn't qualified, his price target for TSLA is $24.
WTF
@@peteravolio2695 Just ridiculous i know... My current price target is around the high 1's / low 2's before any further move to the upside for good & i think thats super bearish. With him spitting a $24 price target just proves he's been paid off.You really have to be brain dead to actually believe anything that guy says regarding Tesla.
elon is handling his demons so goood considering all of accomplishments
I love my Tesla. I try to ignore Musk.
Ron is a great investor but he needs to chk out sunscreen.
Brah, you got any moonshade?
Joe kern is a modern day Archie Bunker
After years of seeing Elons misbehaviors Ron finally give up 😂😂😂
Elon musk is the Howard Hughes of our generation.
Let's hope only partially. Howard Hughes eventually went nuts and became a recluse.
Can Ron stop talking about himself for a minute, I thought this segment was about Elon. Get over yourself Ron.
He is here to sell.....J style ;-)
Ron has nothing new to say. He just repeats his history. I can't imagine how boring Becky, and everyone else are listening to him, I sure am.
You shouldn't watch and whine.
You can always review Jim Cramer videos and perhaps some of John Kerry and Gates to see what they are doing.
You must no own Tesla.
@@victorblock3421 you shouldn't respond and write
His history is huge. His investment record stands for itself. What you got 🤡!!
■■■ As far as the Tesla "mission", the timeline toward achievement will not be linear, and will progress at a rate realized and effected by many factors (social/cultural/political/financial/etc. -- future generations will effectively realize the transitions more than ourselves today). I hope well for the world's future.
As far as my personal "financial benefit" of my TSLA stock investment, I have but a single, personally important question (relative to the fact that our live's are finite... very short, actually, and retirement is imminent for myself): in what years is it most probable the stock price will reach $1000, then $2000?
"Knowing" (that's the pickle, as I now near retirement) those is everything to me. "Most probable" is even perhaps completely allusive (**sigh**). But "hope" still asks the question.
Sounds like this guy has too much skin in the game to be at all impartial!
He can sell that skin in the game anytime he wants and walk away a huge winner...the fact he keeps that much skin in the game by choice says he doesnt have to try and be impartial when the pros outweigh the cons 20 to1
Why on earth do you suppose he would be impartial? He's not a Judge or a Politician. He made choices and he made millions on investing in Elon Musk. He's a happy man. If you've still got any money after 3 and a bit years of Biden, invest in Elon!!
The smarter question is why does he have his skin in the game?? He does not have to. He is not compelled. It's not a cult, is it! Only a fool (hint) would think Baron is a fool. His track record of investment attests to this. I'll leave it to you to joint the dots on yourself!!
Ron is one of the best money managers to do it. My dad put me into his mutual fund before i was born and lets just say i have more money at 28 than most people have at retirement.
How can he talk for so long and say nothing?
he "deserves" making money on it? what a weird comment
Brah, I deserve to watch this video
if you took a lot of risk, you do deserve it.
@@user-kz4ps2xx6i I deserve all the goodies, brotato.
Nothing is ever accomplished by a reasonable man
*Ya'll ready for TSLA $300 and TSLL $20 by EoM?*
Is this the best CNBC can come up with? Elon Musk and his demons? COMON!
Elon Musk is too big for this world. 🐦🐤🐦🐤🐦🐤🐦🐤🐦🐤🐦🐤
C'mom Becky!!! What is this of bringing Elon's childhood trauma to the show! Are you guys bringing other companies CEOs childhood traumas as well or what?.. What is the relevance of this? really?
Likely from the recent book
“We deserve” 😂
Addiction to money and power.
Keep humanity alive 😂 He can't even keep Ukrainian alive let alone humanity 🙈.
It’s not his job to defend Nazis or communists.
Such an ill informed comment on so many levels! 🤡!
@@AlejandroMendoza-so1pd Atleast it seems his getting through tiny brain people like you 🙈. Just so you know there's more Nazis and communist in America than Ukraine 👍.
How hilarious. I don’t think it’s his job to keep Ukrainians alive.
@@21AirDrop What's more hilarious is the United States government actually gave fascist narcissist Elon a government clearance for a person than continuously supported communist countries like China and Russia. Elon has nothing to offer for the American democratic system and don't even get me started with his Twitter dumpster fires platform.
Does he really trust elon or does he want to drive yhe prices of stock up so he could sell? I could never yell with these business minded people 🤷♂️ 🤷♂️ 🤷♂️ 🤷♂️
DYOR
@@peteravolio2695 sir, yes sir! No kidding captain obvious . 🤣😂😂🤣
He seems to show up only when Tesla stock is up. How hilarious?
Yeah but he makes funny tweets, has a sense of humor, and fired a bunch of do-nothing losers from Twitter so I don't like him.
con artist rap just below me.
Ron brought Beky up out of the gutter. Very classy Ron. Not so much Beky
Top
Of course he is going to defend elon musk, his finances is on the line and depends on the man and his reputation
Or put another way. Why would he invest if he did not have the highest regard. Major investors are ACTIVE. They are not passive victims of evil billionaires!! They are billionaires themselves. Your comment is patently naive and reveals flawed thinking and resentment.
@@markthomas7279a lot of people invest with people they don't like, because they think they can make money off them. Happens all the time.
Its just like when you see young hot women with old fat rich men. They sure aint with him for his looks or personality. Its for the money.
He could pull out now and he’d make bank. He’s staying in because he believes he’ll make more bank.
he made 20 times his initial investment. hardly on any line in your head buddy.
@@markthomas7279
The motive of all these billionaires investors is to simply make more money. Having a good reputation is very profitable. You can’t expect him to be unbiased and objective when he is financially tied to the man. Just like the rest the numerous elon musk fans out there who either emotionally attached to him because they like the tesla car or invested in the stock. It’s obvious he will come out to defend him. He already gave disclosure of how significantly financially tied he has with elon musk. Just like how your comments turned into a strategic name calling and labeling others naïve just because they don’t share the same view as you. Didn’t expect 3 musk fans jumping in so quickly to defend him already. Trying to do anything to drive away negative views of musk
They do this and go public and dump
It on us common people
I wouldn't buy a bag of potato chips from Musk.
And Baron Funds made 20x on their investment. You have no credibility, only bias.
That's why you on drugs
Ron Baron's fund is up 1,425.98% since inception in 2003. Have fun staying poor!
But you can buy a bag of Frito-Lay chips delivered by an electric TeSemi...
This Ron guy is absolutely delusional
Says the man with no content and 2 subscribers…
@@HITILITHis Mom is not one of the subscribers…
@@guslevy3506 she's both of them
Innovator or con man. No-one knows for sure at this point.
Why not look at the past successes so far to give you an idea of where things are headed?
Go test drive a car
CNBC wanted Ron Barron to NOT talk about Tesla and how great Elon is. Andrew really hates Elon
Elon musk is smart but nuts
Beckie Q: five minutes of digging and scratching and bashing Elon. What's with yous?
Where's the bash?
SHOW ME DA MONEY