Ron Baron seems to agree with Ray Kurzweil that economic growth will accelerate over the longer term, as businesses become less capital intensive. Mr. Baron is an optimist and has never owned a bond.
Mr. Baron reflects on the progress of the U.S. economy since the 1960s when it seemed the world was falling apart. In the earlier video, he is excited about Tesla’s imminent rollout of $25,000 cars within a couple of years.