Legendary investor Ron Baron, founder and CEO of Baron Capital, an investment firm with $21 billion in assets under management, joined CNBC's "Squawk Box" to share his market outlook and stock strategy.
Baron, who's known for his buy-and-hold approach to investing, believes stocks are still "cheap" today.
"I tie the stock market and the economy together and I think the stock market could grow 6 to 7 percent a year," he said, predicting average historical returns since 1960 are likely to continue.
Other topics include:
- How investors can beat the market with the right buy-and-hold approach.
- Favorite stock recommendations for long-term investors, including Tesla and Under Armour.
- Clues on when investors need to hold conviction on their picks and when to jump ship.
- His views on the Fed, the current economic cycle and inflation.
The broadcast interview is only available in its entirety here to CNBC Pro subscribers.