Billionaire investor Ron Baron sees the Dow at 650,000 in 50 years.
Buy-and-hold billionaire Ron Baron told CNBC on Friday "fear is evident" in the stock market, but that should not deter people from investing in stocks.based on historical moves over decades, will reach 650,000 in 50 years, with an over $500 trillion U.S. economy."Everybody is worried about something," Baron said on"If you invested in 1969, amidst turmoil in 1969, you would have make 25 times your money.
"The economy then was $850 billion. It's now $21.3 trillion. That's up 25 times," he said. "All you had to do was believe that this country was going to survive and invest then and you would have made 25 times your money."
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