Asking about market declines and bubble concerns
Andrew Ross Sorkin
Ron Baron
Market focused on technology and AI - top stocks represent 38% of market with 11% return, everything else negative
Ron Baron
Stock market and economy double every 10-12 years due to 4-5% inflation plus 2% growth
Ron Baron
Made $8B from Tesla and $4B from SpaceX, expects to make 5x that in next 10 years
Ron Baron
Doesn't expect to sell Tesla or SpaceX in his lifetime
Ron Baron
Tesla stock could go up 4x in 10 years, driven by Optimus robots
Ron Baron
When generals (leading stocks) keep going but troops (other stocks) fall away, that's a bad sign for generals
Asking if this could lead to big market drop
Andrew Ross Sorkin
Ron Baron
Don't know if big market drop coming, but that sort of thing happened yesterday