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.
Ron Baron appeared on CNBC on January 12, 2010. He makes mention of DeVry Inc (ticker: DV), The Charles Schwab Corporation (ticker: SCHW) and Wynn Resorts, Limited (ticker: WYNN). Mr Baron was essentially asked if buy and hold is dead and he responded with some reasoning and examples of long term success based on that reasoning. Then finishes with a quote that everyone should try to remember. More...
(GuruFocus, January 09, 2009) On January 6, 2010, Investment Guru Ron Baron’s Baron Funds nnounced the launch of Baron Real Estate Fund. Jeffrey Kolitch, who has served as Baron's real estate analyst since 2005, will manage the fund. The fund seeks capital appreciation by investing primarily in stocks of U.S. and non-U.S. real estate and real estate-related companies. The Fund may invest up to 25% in securities of foreign issuers not publicly traded in the U.S. Here are some details from the www.baronfunds.com website: More...
Ron Baron, chairman and CEO of Baron Capital Group, says at Barron's Art of Successful Investing Conference that "stocks are cheap" and that retail investor sentiment is very negative. He argues that because "inflation will be an issue, stocks will be able to keep you whole." More...
This is an excerpt from Baron Funds' Andrew Peck's speech in Baron Funds' shareholder conference. Andrew Peck shares the lessons he learned from the great crash of the stock market. More...
Ron Baron just released his shareholder letter and his speech in annual shareholder conference. "Over the last 5 years, the 5-year annualized returns of each of our Funds have outperformed the benchmarks on a monthly basis more than 90% of the time, 90% of the time! We think about every stock we put in our Funds. Although we don’t always get it right, we invest in what we think are the best ... the best companies with the best products and the best executives." More...
(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...
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