Ron Baron is the founder of Baron Capital Management. He is Co-Portfolio Manager of Baron Asset Fund and remains Portfolio Manager of the Growth and Partners Funds. Since inception in 1987, his Baron Asset Fund has returned 13.16% annualized returns through September 2007. His Baron Growth Fund has returned 16.85% annually since inception in 1994, and his Baron Partners Fund has averaged 17.85% annually since 1992. Baron graduated from Bucknell University with a B.A. in Chemistry, and later attended George Washington University Law School in the evenings.
Investing Philosophy:
Ron Baron invests primarily in small and mid-size growth companies. He likes companies with open-ended growth opportunities and defensible niches. He applies a bottom-up company research, invests for the long-term, and tries to purchase companies at what he believes are attractive prices. He invests in growth companies using a value-oriented purchase discipline. Baron ignores short-term market fluctuations when he believes the fundamental reasons for purchasing a company have not changed. He holds investments for longer than five years on average.
(GuruFocus, November 20, 2009) My earlier article reviewing Ron Barron’s top holdings contains a link to an October 23, 2009 speech given by Mr. Barron during the Barron Funds Investors Conference. In the speech, Barron reiterated his investment strategy:
Long-term focused
Appropriated Financed and Competitively Advantaged Busiensses
(GuruFocus, November 20, 2009) Investment Guru Ron Baron is a product of American Opportunity himself. According to this article in [www.nysun.com] , The successful entrepreneur in mutual fund world came from rather modest background. He was born in Asbury Park to an engineer Father. Like many of us, he had to make money as a youth by shoveling snow, waiting tables, serving as a life guard, and selling ice-cream – money. More...
Baron Capital started in 1982. It started with about $10 million in management. We started with three people that always had a big idea. There was always a big dream. We started mutual funds in 1987, by that time we were about $150 million, and it’s now $21 billion,” says Ron Baron, the founder of Baron Capital Management. He is Co-Portfolio Manager of Baron Asset Fund and remains Portfolio Manager of the Growth and Partners Funds. Since 1987, his Baron Asset Fund has returned 13.16% annualized returns through September 2007. His Baron Growth Fund has returned 16.85% annually since inception in 1994, and his Baron Partners Fund has averaged 17.85% annually since 1992. More...
(GuruFocus, September 14, 2009 ) Investment Guru Ron Baron sold almost all of his shares in internet lending company Bankrate Inc. (RATE) . GuruFocus Real Time Data shows that Baron sold 99.9% of his holding of 1.44 million share in RATE on September 10, 2009 at the price around $28.45. He still holds a negligible 1,500 shares after the sale. More...
In the latest Baron Funds Quarterly Report for 2Q09, Investment Guru Ron Baron put his i nvestment strategy and current investment outlook like this: More...
(GuruFocus, August 10, 2009) Investment Gurus Ron Baron bought more shares in GENESEE & WYOMING (GWR) and sold shares in DTS Inc.(DTSI) and CASCAL NV.(HOO). The position change and transaction date and price are listed in the following table: More...
(GuruFocus, July 10, 2009 ) Investment Guru Ron Baron has reduced his position in restaurant operator The Cheesecake Factory (CAKE). GuruFocus data shows that on July 9, 2009, Ron Baron reduced his holdings by 11.06% to 2,333,160 shares at the price of $16.4 per share. More...
(GuruFocus, June 11, 2009) Investment Guru Ron Baron has recently reduced his position in advertising company Lamar Advertising Company (LAMR) and direct marketing company MSC Industrial Direct Company Inc (MSM). GuruFocus Data shows on June 10, Ron Baron reduced his holding in LAMR by 9.41% to 4.4 million shares, at the average price of $17.75 per share. On the same day, he also sold 20.51% of his shares in MSM to 1.5 million shares at the price of $38.15. More...
(GuruFocus, May 12, 2009) Investment Guru Ron Baron has reduced his stakes in three stocks: Texas Roadhouse (TXRH), Ultimate Software (ULTI), and American Railcar Industries (ARII), shortly after the companies reported their 1st quarter results. More...
These are Ron Baron and his team's commentaries on a few small cap growth companies in his shareholder letter. Ron Baron likes to buy quality companies that can grow over long term. More...
Today, government spending represents 38.5% of GDP, approximately a 30% greater share of GDP than in the 1930s. This, coupled with the other non-cyclical GDP spending by individuals, on items such as healthcare, education and consumer staples, makes it nearly mathematically impossible for unemployment rates to approach the terrifying levels of 25-30% experienced during the Great Depression. More...
Believe or not, Ron Baron had a meeting with Bernie Madoff 9 years ago, and tried to learn something from him. Turned out it was something he couldn't learn and therefore, his returns are not as consistent. He had a bad 2008. But if you are looking for growing small cap companies, you need to see what he is buying. These are the details. More...
Ron Baron, our long term value investing guru is having a miserable year. Through November 30, 2008, his Baron Asset Fund lost 42.59%, Baron Growth Fund lost 41.31%, and all the other six funds in the Baron Fund family had losses in there 40-50 percent. More...
Ron Baron had a bad year, it is so bad that he almost cancelled his annual shareholders' conference. But Ron Baron is still one of the best growth investor out there. If you are looking long term small cap ideas, look into his portfolio. Ron Baron owns 241 stocks with a total value of $15.4 billion. These are the details of the buys and sells for the third quarter. More...
The Baron Funds’ yearly extravaganza on Oct. 24 had almost been cancelled this year--because the markets are so far down, because the Baron funds are so far down. More...
Ron Baron likes to buy future big companies ... when they are still small. He holds the companies for years and waiting for the companies to grow to their full potential. These are comments from his shareholder letter on some of the buys and sells he has made in his fund. Baron Partners fund averaged 14% a year since 1992. More...
Is it time to invest when the stock market is at the same level it first reached in 1999? With many businesses now significantly larger than ten years ago; with significantly higher earnings power and significantly more expensive assets to replace, it seems to us unusual that their stock prices are unchanged. Accordingly, we think on a fundamental basis the answer in many instances is “yes.” More...
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