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| Economy |
| Billionaire Ron Baron says the US pays for its wars, pandemics by 'making your money worth less' ‐ and he's never owned a bond because of that. |
| 2023-12-09 |
| [Money Wise] Markets are sensitive to geopolitical conflicts. With crises in Ukraine and the Middle East, investors are grappling with increased uncertainty. This may lead some to question whether it’s time to take a different approach to asset allocation. For billionaire investor Ron Baron, stocks remain a staple. In a recent interview with CNBC, he was asked whether he’s still buying stocks given the conflicts going on around the world. "Everyday," he replied. "I’m amazingly bullish." The founder and CEO of Baron Capital highlighted inflation as a key factor in his preference for equities. "Whenever you have a war, you have a pandemic, you have to have inflation.The government has to pay for it," he explained. "Then when you come out of it, they have to pay it back. The way they pay it back is not by paying down any debt, they pay it back by making your money worth less." This has profound implications if you want to protect the purchasing power of your money. |
| Posted by:Besoeker |
| #2 I expect Ron Baron is the owner of a great many US dollars, even though they are daily being made worth less by the US gubmint. Headline is screwed up. |
| Posted by: Gromble Dribble4342 2023-12-09 23:22 |
| #1 The wealth must come from somewhere. |
| Posted by: swksvolFF 2023-12-09 12:55 |