1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Ron Baron: "Perception is Reality" by George Soros

November 09, 2005

During the past several months, investors and stock traders alike postulated that high energy prices would penalize consumer businesses? profits and share prices. This is because rising oil prices are equivalent to a consumer tax increase. As a result, share prices of businesses whose profits could be negatively impacted by weaker consumer spending fell significantly.? Wrote Ron Baron in his letter to shareholders, he believes that over the longer term, consumers will adapt and use less fossil fuels and consumers? discretionary. As a result he ?added to those investments during the last two quarters as they fell in price.? Now ?casino resorts, retail, hotels and restaurants now represent more than 20% of Baron Funds? investment portfolios, about three times the size of our strong performing, long term energy investments like natural gas business XTO Energy, oil company Encore Acquisition, energy boat company Seacor and refiner Premcor/Valero.


Rating: 1.0/5 (1 vote)


Please leave your comment:

More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by

User Generated Screeners

liuzishuoverwrite 'Dividend Initiation
liuzishuDividend Initiation
pbarker46Dividend Growth
doug.quailLong Term Candidates
bjackscreener nou 3
bjackscreener nou 2
bjackscreener nou
pbarker46Begin here 3
DBrizan2017sep22 1045p
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat