The Dow Jones Industrial Average — now hovering around five-year highs on either side of the 14,000 level — is going reach 30,000 in the next decade, buy-and-hold investor Ron Baron told CNBC on Tuesday.
Baron, chairman and CEO of Baron Capital, said in a "Squawk Box" interview that he ignores stock market moves in the short-term. "So I don't think about 14 to 15,000 … I think of stocks being a great inflation hedge."
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