Hedge Fund Guru: Stocks Are Still Cheap

While some are saying the stock market is getting a bit overheated, top hedge fund manager Ron Baron says equities remain attractive — and not just because of the Federal Reserve’s quantitative easing policies. Baron tells CNBC that stocks are attractive based on valuation alone, though he says the Fed’s dollar-devaluing efforts are certainly another factor to consider. Baron also says that true GDP growth is in the 6.5% to 7% range this year — not the 2% range usually cited — because true inflation is much higher than reported figures.   He says he’s focusing on companies with “vision” that are job creators.

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