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Billionaire Ron Baron sees the Dow reaching 500,000 in 50 years

Berkeley Lovelace Jr.

The Baron Capital founder's prediction pretty much lines ups with Warren Buffett, who said last year he sees the Dow at 1,000,000 in 100 years. Also like Buffett, Baron said index funds are one of the best places for individual investors to put their money. Buy-and-hold billionaire Ron Baron predicted on Friday that the Dow Jones Industrial Average will reach 500,000 in the next 50 years.