Billionaire Investor Ron Baron Reacts To Nasdaq, S&P Selloff: 'The Stock Prices...Can't Believe How Cheap They Are'

Billionaire investor and the founder of Baron Capital, Ronald S. Baron acknowledged how “unsettled” investors were amid the ongoing market correction and highlighted the inexpensive stocks on Tuesday.

What Happened: The Tesla Inc. (NASDAQ:TSLA) bull, popularly known as Ron Baron, appeared on CNBC’s Squawk Box on Tuesday morning and said that “Most people are very unsettled” because all the things are happening so quickly.

This comes after the Nasdaq 100 index plummeted 12.46% from its previous high of 22,222.61 to 19,430.95 points on Monday. Whereas the S&P 500 index neared the correction zone, down 8.67% from its 52-week high of 6,147.43 to 5,614.56 points.

“The stock prices, I have been saying for a while now, can’t believe how cheap they are,” said Baron.

Baron believed that the current volatility was “intentional,” and the current administration led by President Donald Trump was taking measures to slow the ...