He always wanted to be a doctor when he was a kid, but destiny had something else in store. After failing to secure admission in medical school, Ron Baron worked as a cabana boy and ice cream truck driver to help pay his college fees. In 1970, he became a securities analyst and named his dog Big Mac after one of his first successful stock recommendations. The medical fraternity’s loss eventually proved to be the investing community’s gain with Baron successfully founding a money management firm in 1982 that today has over $27 billion in assets under management. Baron explains that successful investing is not just about finding the right company but also holding on to it as it grows. Baron believes the biggest mistake investors generally make is to avoid paying a small premium for a strong growing business. Articulating on his investing framework, Baron explains why be believes Tesla is on to something big and why stock prices are irrelevant as long as the business is doing well.
The Berkshire Special 2018
"If your thesis is correct, hold the stock regardless of what the price is doing"
Baron Capital’s Ron Baron on his firm’s investing framework, his bet on Tesla, and more
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