Ron Baron is a investing legend and guru

July 18th, 2008 - 11:49 pm ICT by David M N James  

Baron is a stock investor grew up in Asbury Park New Jersey where he was to convert $1,000 from shoveling snow, waiting tables, serving as a life guard, and selling ice-cream to $4,000 by investing in stocks prompting cohorts to call him “Count” - a nickname which still sticks. His funds in 2006 were valued at $16 billion and Baron is famed for a lavish lifestyle and shareholder meetings which feature rock acts such as Elton John and the Beach Boys.

Ron Baron was born in 1943 and 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.
Baron has a high 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. Baron is an investing guru who every smart investor wants to emulate.

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