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Ugh, I hate feeling like a Silicon Valley naysayer, but this outlook is entirely wishful thinking and not remotely rooted in fundamentals. But hey, why ruin a g
by dharmon 10y ago
Ugh, I hate feeling like a Silicon Valley naysayer, but this outlook is entirely wishful thinking and not remotely rooted in fundamentals. But hey, why ruin a good story?
Baron was once a legitimate investor and knew how to root out value, but now his business is fees off of a massive AUM. Its hard putting $26B to work in the market at a reasonable rate of return, so I guess he's resorting to "talking his book" and investing in popular stocks to make his wealthy clients feel comfortable in the crowd.
He's apparently already gotten a little bounce off his comments, so good for him I guess.