I haven't read or listened to Ron Baron much, but I agree with what he is saying in this interview - people are so afraid that stock multiples have dropped to such a low level...
http://www.gurufocus.com/news/151345/stock-market-cheapest-in-my-lifetime-ron-baron
http://www.gurufocus.com/news/151345/stock-market-cheapest-in-my-lifetime-ron-baron
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