CNBC TV
- Billionaire investor Ron Baron said he's never owned a government bond before.
- That's due to rising inflation and the growing mountain of US debt, he suggested.
- Inflation could slash the value of money in half every 15 years, Baron estimated.
Billionaire investor Ron Baron said he has never owned a bond before and invests his cash amid inflation and the expanding US debt pile.
In an interview with CNBC on Friday, the chairman of Baron Capital said he was "amazingly bullish" on the market and was buying assets "every day."
But he then pointed to the effect that government spending and borrowing has on inflation and the ability to repay debts.