Watch CNBC's full interview with legendary investor Ron Baron
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- เผยแพร่เมื่อ 19 ส.ค. 2019
- Ron Baron, CEO, CIO and portfolio manager for Baron Capital, joins "Squawk Box" to discuss big topics such as Tesla, the economy, long-term investment strategy, how market volatility can be an advantage and more.
I just sold a property in Portland and I'm thinking of putting the cash in stocks, I know everyone is saying it's ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
@akojivictor It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.
@akojivictor How do I connect with her?
@akojivictor Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
15:00 ++ Ron Baron really giving the Fossil fuel companies in, and what does CNBC do: ”OFCOURSE!!! Lets go to commercial when he is in the middle of it at 18:18.
But whats new with CNBC!!
Go TESLA!!!
PS: when the commercial is finnised, do they continue were they left of:? OFCOURSE NOT!
Kenneth Møllen I noticed that to while I was watching do you remember Andrew saying they was going to finish where they left off 😂 CNBC Hates Tesla
@@levertis1987 Obviously they try to push negative conversation as much as they can. She even have list written down that she looks at of stuff to say.
The host did the right thing and let Ron just keep on talking. Good job!
CNBC's agenda sickens me. Great stuff from Ron but..
0:46 - Ron opens the interview stating that he is a LONG-TERM INVESTOR and talks about his funds beating indexes over MULTI-DECADE time spans (27 years)
11:22 - Rebecca tries to interrupt Ron with a clear agenda, tries again a moment later
11:54 - "But-but-but sometimes you make these investments and it may take a VERY LONG TIME to pay off. It MAY NOT PAY OFF. In the case of Tesla.....".
She then quotes his exact cost basis, down to the CENT. And then throws more shade.
Telsa IPO'd in June 2010. LESS. THAN. A. DECADE. AGO.
He is a long-term investor. He opened the interview explaining that.
He goes on to explain AGAIN that he is a long-term investor and gives examples of 10+ year "incubation periods" on investments, and examples of owning stocks that, 2-3 years later, were DOWN significantly, before the eventual payoff.
Rebecca then interrupts him without acknowledging his points at all and basically says "But answer this. TESLA IS DOWN SINCE YOU INVESTED"
It's embarrassing to watch. It's like he's talking to a brick wall.
And nothing personal against Rebecca. I know she is being fed these stupid questions because CNBC itself has an agenda to tarnish Tesla.
Doesn't make it any less embarrassing to witness.
And then they interrupt him and force and ad break, saying "We'll get back to Tesla after the break". After the break, they throw a new question (unrelated) then say "we're out of time".
His outlook is 10 years Plus and is Correct
Correct? How do you know? I say 8 years, twice the old 4 year business cycle, is more rational and prudent and practical.
@@StephenDoty84 How do you know?
Tesla to $350 by Christmas 2019, $500 by 2020, and $1,000 by 2021.
The model Y will sell more than the model 3, and Germany gigafactory will open at the beginning of 2021. Tesla market share will increase each quarter.
When autonomous vehicles come out in 2021, it's a game changer, but by then the stock will already be up huge by then.
Now is the time to buy.
Shorts beware.
1100 in 2021 spot on!!
@@seanweis9159 actually completely wrong. In August 2020 Tesla split their shares 5 for 1. So $1100 is actually $5500 compared to their numbers!
@@mattforthelikes I heard rumors they may do another split here soon and i was gonna do a little research
@@seanweis9159 I wouldn't think too much about a split. Focus on the business and its network effects, technologies, and the industry through indie YT channels and Twitter.
Also don't worry too much about it seeming "too expensive" right now because you never know where it'll go next. If you are averse to volatility, dollar cost average but start a position sooner than later. Volatility is the name of the game. I'm 70% Tesla.
@@mattforthelikes I'm already in on tesla, just watching my bags grow at this point
CNBC: you’re busy watching markets cuz volatility
Guest: nah bruh, see the background? I’m reeeyach!
So deep, and so much wisdom!! CNBC brought in an amazing guest. Just focus on companies that is creating value to customers and the world, forget about day to day revenue. Just do the right thing, work hard, work ethically, and the money will follow. You don’t have to follow the money, money will follow you instead if you just do what is right and just. That seems to be what I am getting at from Ron Barron interview. What’s also great is that he gets to talk for so long will so little interruption.
This video got a thumbs down from me because the Tesla discussion with Ron was fascinating and CNBC don't like that so cut Ron off to talk about something that was not. CNBC Suck, and so do their sponsors.
I thumbed up so i can hear more from this guy!
@Russell Spears Work really hard, invest 5000 a year for 30 years (if you can) and retire with nearly a million.
vs Doing nothing and watching cash decrease in purchasing power by half every 17 years.
Take your pick.
(Bottom line 1: buying Louisiana at 3¢ an acre today is almost never something your grandchildren will criticize you for.)
As a side note: Funny bit of irony that VW has been saved by their own fossil fuel corruption. (Going 'all-in' on electric more aggressively than others - **because of deiselgate.** )
Bottom line 2: 'The truth is almost always 10 years too late' - unless you ignore the idiots in TH-cam comments and just stay fully invested - and occasionally hedged - for life.)
@Russell Spears Prosperous businesses are always going to beat static assets over the long term.
I'm all for hedging, but the bottom line is cynics and pessimists always miss out on 4 and 5¢ acres of land; because they're way too caught up on the fact that “all that free money” (i.e. inflation: the cost of growth) is stubbornly preventing them from finding decent land at 5¢ a hectare.
@Russell Spears The point is that 'Louisiana' is a much safer bet to create real value. (Real tangible assets: creating real tangible value - regardless of the prevailing fear-greed mood of the day.)
Got to run brother. (Active management means getting actual stuff done. And TH-cam arguments with Crypto Chicken-Little Bear-Bulls doesn't amount to squat.)
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@Russell Spears lol (a) The blockchain works -even- much better when it has real names and faces attached to it. (MUCH more secure.)
And (b) in my country (Canada) we already have **instant** **free** money transfers between individuals and **all the leading banks.** And (b+) the only reason it hasn't already spread to every cash register in the country is because the banks are still making too much money off the old (outdated **but profitable** ) debit & credit fee-per-transaction systems.
i.e. I'm 100% all-in for a Fintech revolution - wiping out inefficiencies. But (lol**) if you understood macroeconomics sufficiently you'd probably realize the ability to print money (real money - dollars and cents) - alongside tweaked lending rates - is a way WAY bigger part of our continued collective advancement from subsistence dirt farmers to dudes tweeting in luxury / comfort than most mediocre economists (and, Bitcoin flim-flam men) would have you believe.
i.e. Leaving aside the HUGE matters of taxation (the greater good) and responsible citizenry - too much crypto is also, IYAM, just fundamentally bad macro economics. (Because controlling the money supply - liquidity vs deflation; inflation vs stagnation - is far FAR more important to advancing prosperity than many realize.
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Bought Tesla at $37 in Feb., 2013; now in the low $200’s. Still holding, and will for the next 10 years, 20 if necessary, because Tesla will inevitably win. The big Short interest in Tesla stock is what’s holding the stock price down. Every day, oil companies make $2.75B in rev. ICE Car companies $2B. Throwing $10B or $12B to short Tesla in the stock market is pennies to them. And creating FUD (Fear, Uncertainty & Doubt) in the media about Tesla to make things harder for them and hopefully put them out of business is a tiny effort on their part. See link for a great summary on this from Jack Rickard, an EV pioneer: th-cam.com/video/vfILTM_xcOE/w-d-xo.html. Biggest stock manipulation in history, but SEC focused on Elon’s tweets. Won’t matter in the end.
no offense to you or other retail investors, but what's the benefit for the economy if a billionaire just bought shares 10 years ago and sold them at a profit = at a loss for a naive retail investor? What's the benefit? Why are they even called "investors"? Looks like a legalized stealing to me. Even Tesla itself didn't get any money from it. And then we wonder why 25% of population is on food stamps, etc, etc. And we praise these people as Saints of our time. Makes one think... And they talk "ethics" yet they are the ones who stubbornly promote homosexuality, feminism and other garbage...
Widdermaker I agree 100%. I bought my shares and and will hold for the long run. I bought my AWD Model 3 and will hold for the long term. Best car I’ve ever purchased. Our next car/suv will be a Tesla to replace our other vehicle. The oil companies and their supporting financial manipulators will not win on this one, only extend it for awhile. $2.75B is a lot so delaying is all they have left. Big 3 is tied closely to big oil and will diminish also.
@@DanOneOne you'll have to try and make this one legible if you want an answer, not too sure what you wrote but ill try. I don't see how buying stock = stealing?? Even a small business owner owns his companies shares... and if a company issues shares and sells them, that cash is available to invest in machinery, new value production possibilities etc. When value is returned to the investor (stock sold for profit or by dividends) the investor may now purchase other shares and help other compnies grow etc.
Brilliant man. Love the Tesla facts. More importantly, forget trying to play the market with a timing mentality. Consistent investment every month will win!
Your comment aged well. Tesla looking at 1100 today
@@seanweis9159 took lots of hard work and passion studying Tesla inside and out but its paid off really big for me so far.
Tesla's journey is far from over though. Don't think you missed the train!
battery was 100,000.
now its 10,000
soon it will be 5000
oh the car can last a 1,000,000 miles in a few years. oh in a few years it can drive itself
this woman has the shortest term thinking i've ever seen, the guys track record speaks for itself.
This reporter mentioned how Ron bought Tesla for $218 and 5 months later it’s $748. That’s over a 200% ROI in less than half a year.
Pretty sure I asked this guy for directions in 2012 whilst on holidays in the US...after 45 minutes I walked away and brought a map
And you are still lost.
CNBC : OMG he is talking crap about oil industri and talking nice to Tesla ... QUICK change to commercial ..
Yep...
For those who were not alive then, Ron was a bigshot stockpicker about 30 years ago (back when Joan Rivers was about age 99.)
Dude giving an interview from his place in the Hamptons 🤣👍🏻 he seems a little drifty but can’t argue with his picks and portfolio. A legend
06:16 low-cost index fund for millennial
08:33 optimistic due to tech and economy development vs negative interest rate; --- even slow growth;
09:17 p1 the big picture (the value of your money) ;
09:48 p2---- fall in half in value every 17 years so
10:24 P3--- the reason Government stay in power is ？？？ force you to invest
11:08 they're providing growth ---- tech advancement ???? spaceX
12:00 in the case of Tesla I think your cost basis is !!! ----- vs a long term investment without a pay-off
15:13 Tesla that the opportunity here is ??? ---- his view on Tesla
year, tesla revenue, stock price
2014, 2.7b, 120
2019, 27b, 240
2020, 40b, ?
2022, 200b, ?
Man i wanna invest in space X🤔
me too.. can't wait for its IPO...
Ron Baron said Tesla is getting $1 billion for selling credits to fiat and other ice cars companies? 18:10. Have anyone looked into it?
I get it now; Electric vehicles get 70% efficiency vs. Internal combustion engines get 30% efficiency. The legacy auto makers are really good at making internal combustion engines. The Tesla battery and powertrain is the future, but GM and Ford would rather continue to stay in the past. Sure, GM and ford can buy really good engines, but just as in the early 1900s, it didn't matter if there was a really good horse to use to get around, the automobile was the future.
Look up the Ford Hybrid line up for 2020 in the United States. Its impressive.
Ron's a good man. Big fan!
In retrospect, he’s up 10 times or more from the time this video was produced
YES! I love this guy
you should do more of these interviews with "real" experts. I was never convinced about Tesla, but he gave me the first arguments to think about. Never heard that from all the other experts in the studio.
Bro of course he says all the good things about Tesla. He rode the rollercoaster and now he's back where he started. He's not going to back out now. The truth is Tesla's innovation is being caught up by other automotive companies. Unless they come up with something in technology shortly, they are being chased.
CNBC and Baron are meant for each other.
I love Ron Baron, he's in it for the Long haul.
CNBC actually lets good news through about Tesla despite it's cronies and gas advertisers. Whatever next: fair and balanced news?
Yeah, well they didnt let him talk too much lol. They were afraid ICE mfg would pull their parent companies (NBC) advertising funding I guess.
Loved how he brought up Tesla and space x and they were negative about it smh 🤦♂️
These CNBC hosts are serious Tesla Haters
Keep it up Ron
This guy has either never heard any bad news or selectively chooses to ignore it. Hey Becky.. ever think of asking him something like.. “hey how do u feel about the US population who make less than $15 an hour.. is that too big or too small? he would prob say.. “isn’t that great”. Or ask him. “Wouldn’t it be good idea to create a vehicle that incentivize more people from all incomes to automatically and safely participate in your funds or the stock market.. not just those w disposable income..maybe like a 401k 2.0?” Wonder how he would react
Ron is smart af
they are parading them out early getting ahead of it. but the clients are older and they have been through this a few times now and they are getting out.
if the 30 year gos to 0 by next year you can double your investment . why buy stocks here if they are in a race to the bottom.
I like how they didn’t want him to speak well about TESLA. But at least they let him get a few good positive comments out.
Cut him off right before he started making the real points. Sad to see the obvious biase.
I know they did that on purpose!!! I think he was going to answer a question I always wonder. Tesla got 2 billion recently in EV credits, they didn't have a profit lost 240-ish million in Q2 but Elon said we're cash flow positive and cash flow positive going forward.... so are they technically really making a profit they just can't count it as profit? But it should be counted because they're selling credits and that produces revenue. But How can you be cash flow positive and be losing money?
@@MrBlueTimes that's a tough one to explain for cash flow positive. As for the 2 billion from selling credits they actually haven't received any of that yet but it will be coming from FCA in the future.
@@MrBlueTimes also they have 893 million in "unrealized profits" from the sale of fsd. They have those set aside to only receive once they start releasing more fsd features. It keeps them safe legally so thats another near billion and thats just as of q2 end
Legendary investor who is an even bigger legend in his own mind and an inability to stay on topic.
Ron Barron is a billionaire investors that I think is worth listening to.
Definitely knows what he is talking about
11:53 Imagine a woman who is not an investor, doesn't even have $1 million but is telling a multi-billion dollar man that your investments may not pay off 🤯
Interviewing billionaires doesn't make you one, journalist & interviewers must know their levels
Ron Baron is awesome.
Yep, facinating guy
you always mention inflation when it comes to just keeping your money, but you dont not mention it when it comes to investing. Thoose historical rates of 5-7 % are not adjusted for inflation. When you substract inflation, you are about 2-3% up. Correct me if i"m wrong
Bear in mind Louisiana Purchase was bought from the French towards the end of the French Revolutionary wars during a period of extreme inflation and unrest.
People are not borrowing money cause the rates are to high and the credit score to borrow is to high why would people want to borrow when they know they can just save up to own it out right
He is very Motivated 😂
What a legend!
All fine and good when you have nothing to worry about because your company is in it for the long haul. But for retirees, when the market is heading south for good reasons, the last thing you want to do is stay in it if your thinking is that this could be a 45 percent loss. If the President did not step in and make all his tweets, this market was going in that direction I feel. He has kicked saved this market for a while now with his tweets and promises. Nothing wrong with rebalancing your portfolio so that a person can buy low on these large dips.
Looks like Ron has had the last laugh!
Go Tesla!
Is this one of those new Robo investors ?
Classy guy
Ron Baron is a very smart guy, unfortunately the interviewers are not on par.
5000 a year and only 800k in 30 years but 800k will be worth about 200k in 30 years. The actual return is quite low with this type of strategy
just put 60/30/10 stocks/bonds/cash if you're scared
personally im 80/15/5
Or, better yet, go with Ben Graham's default of 50/50, stock/bond.
I am more scared to invest in stocks right now but will continue to buy some for diversification (think AMD has a lot of potential plus some mining stocks). Way different allocation for my investments roughly 65/30/5 crypto/metals/stocks but this is because of my conclusion in a shift away from fiat money in the long term.
@@culture-jamming-rhizome My last buy was SIVR at around 14. You might dabble in that.
Ron; please say internal combustion engines instead of motors. Tesla uses electric motors, so it's confusing for the average viewer.
Smart man. Listen & learn.
How come if I buy the USED Porsche I got my eye on, I have to pay FIVE THOUSAND dollars in sales tax?! I think that is the real issue.
Ron Baron sees the future. The future is a really good battery pack and powertrain. Tesla is in the lead right now. All the other automakers are way behind.
Good way to make money is to invest in a really good product that is in the early stages of being extremely popular.
It could be a ploy to boost Danish ham sales.
Nice house
ARK INVEST HOLDING NANO DIMENSION IS ON FIRE RIGHT NOW. I BOUGHT IN AT 2.36 WHEN ARK GOT IN A FEW DAYS AGO. IT'S ALREADY DOUBLED ONCE. IT'S AT$5.40 RIGHT NOW. GET IN. YOU KNOW ARK INVEST. 5 YEAR HOLD. NNDM NANO DIMENSION.
Denmark should just give us Greenland--if it weren't for the U.S. they would have been conquered by Germany, TWICE.
typical american thinking
buy bitcoin
Already stacking sats. Got some decent positions on BNB and ETH also with tiny positions on many others.
Did he say anytjing about it?
Top
The battery in EV creates a lot of pollution to make and dispose of, but is not factored into the discussion
How does producing batteries pollute? And how does producing oil not pollute? The minerals for producing batteries have been mined for years like copper aluminum. oh you must be talking about lithium not. You take pulling oil out of the ground in the oil sands and see how much it pollutes not to mention that once its produced it is then burnt in our vehicles. When you get your information, make sure you figure out the source of it.
😂😂😂 he said you will almost be a millionaire in 30 years from now 🤯 with inflation a million would be worth 250 thousand 🤦♂️😂 Why do they let old people predict what going to happen 🤦♂️
Why are you complaining? It's not like you will take his advice. You'll probably have even less by then..
These old guys made billions in the past things are rapidly changing all around the world the old guard is going down he said peoples living standards are higher says he from the Hamptons
What middle class
Go tesla
he’s genius going to make a fortune
This is where the garrulous old people stereotype comes from. Get to the point already.
does that mean that a real bad one is on the way Rrrr
ANDREEEEEEEEEEEEEW YANG!!!
If you're poor and insane, you're called crazy. If you're rich and insane, you are called eccentric.
This guy is annoying. Tuned out.
Как чуваки съехали с темы Тэслы.. хаха
He said it perfectly. By low cost index funds and chill
Lol this guy has lived in the most bullish time of all time perma bulls golden age.. His just a investor not a trader
Reminds me of jerry Seinfeld
Buy square sq
Stock market about to crash as much as 90 percent, it's winter time means deflation
Here we go CNBC has brought out there best salesman. Oh the water is fine come on in, it will be fun. When the SHTF you folks are gonna be SOL.
LMAO the 08 crash was once in a lifetime. You permabears have been sitting on the sidelines for so long, screaming recession every year, that you get so easily triggered when rational people speak knowledge to you. Keep dreaming fortune tellers, meanwhile the rest of us will keep investing and take advantage of the next recession whenever it happens instead of trying to predict it
You are clueless
OoWINDEXoO oh I here ya, why are most charts reading down and to the right. I’m not a fortune teller but all the data indicates some foul play ahead. And I guess the fed cutting rates means everything is just fine.
Wonder what he thinks today...my cash ....looks pretty good right now
LYFT AND UBER.........BEST SHORTS IN THE LAST 10 YEARS.
Millennials are around 35 years old. Gen Z are the youngsters.
Many problems with all these assertions and assumptions s: 1) life expectancies are going down in the U.S. 2) governments cannot control the price of money, at best they can influence it 3) he doesn’t even mention how this will all be fueled. We are past peak conventional oil energy. All of this forever growth talk and thinking requires an increasing E.R.o.E.I. We are past an increasing E.R.o.E.I. and we are now globally on the downward slope of E.R.o.E.I.
This baby boomer is at the tail end of a paper Ponzi model that worked quite well for a time, but everything changes. What he did worked, but it will not work going forward. His own statements about the government stealing from people should be prima facia evidence that the political and economic paradigm (paper/digital currency) itself is rotten.
Meanwhile million mile battery now on the books..
Joe needs a stone cold stunner
S&P equity has been hollowed out.
Burning gasoline creates CO2 ... which plants need to grow.
So burning gasoline is GOOd for the Environment.
Actually its not. More CO2 means less microorganism in the ocean producing oxygen, also most plants are carbon neutral.
Market req
WHAT?????
Typical CNBC interview. Baron just rambling for 20 mins straight. Awful.
Oil money payed CNBC dont want to talk about tesla
Why can’t this guy stop talking?
ron baron looks stressed... age
He looks calm as a cucumber
Omg 😴
Ron is too sophisticated with all the numbers. I don’t think the people on the other-side of the table understand him.what a waste of his time!