Billionaire investor Ron Baron remains confident in the outlook for stocks even as geopolitical turmoil unfolds in the Middle East and across the globe. “I’m amazingly bullish,” the Baron Capital CEO told CNBC’s ” Squawk Box ” on Friday from the Baron Investment Conference, adding that he’s buying stocks everyday. The comments from Baron come as the Israel-Hamas war stretches into its second month, leading to volatility in the oil market and fears that escalation could spill over to the broader region. At the same time, the war continues in Ukraine — and inflation in the U.S. remains elevated. Referring to his multidecade career and early experience in Washington, D.C., Baron noted that inflationary periods aren’t uncommon during times of war, as governments look for ways to fund the effort and later pay down those debts. “The way we think about things is that inflation is going to reduce the value of your money in half about every 14 or 15 years,” he said. “About 4% or 5% a year is inflation. That’s my whole lifetime.” But this setup isn’t deterring the investor from putting his money in the market and into companies such as Tesla . Baron also noted that he’s never owned a bond. “I don’t have a lot of a lot of cash here,” he said. “I’m always invested, and whenever I have a chance to buy more, I buy more.”
This story originally appeared on CNBC
