Billionaire Ron Baron Refuses to Sell This Beaten-Down Stock. 1 Wall Street Analyst Thinks It Could Soar 220%. Should You Buy It?
Ron Baron has been analyzing stocks for over five decades. In 1982, he founded the long-term investment management firm Baron Funds, which now oversees $45 billion. Baron focuses on high-conviction growth stocks that he can hold long-term, making his investment approach a good one for retail investors to follow -- he typically doesn't flip stocks after a few months. With an estimated net worth of $6.5 billion, Baron's approach seems to have served him well. His 50-plus-years of experience also means he doesn't scare easily, even in the most volatile market conditions.Baron put his conviction on full display recently after telling CNBC that he will not sell any of his personal holdings in a stock that has been crushed this year. One Wall Street analyst is similarly bullish. Should you follow Baron and buy this historically strong-performing stock?Few stocks, especially in the large-cap space, have been more volatile over the last six months than electric car maker Tesla (NASDAQ: TSLA).Continue reading
Ron Baron has been analyzing stocks for over five decades. In 1982, he founded the long-term investment management firm Baron Funds, which now oversees $45 billion. Baron focuses on high-conviction growth stocks that he can hold long-term, making his investment approach a good one for retail investors to follow -- he typically doesn't flip stocks after a few months. With an estimated net worth of $6.5 billion, Baron's approach seems to have served him well. His 50-plus-years of experience also means he doesn't scare easily, even in the most volatile market conditions.
Baron put his conviction on full display recently after telling CNBC that he will not sell any of his personal holdings in a stock that has been crushed this year. One Wall Street analyst is similarly bullish. Should you follow Baron and buy this historically strong-performing stock?
Few stocks, especially in the large-cap space, have been more volatile over the last six months than electric car maker Tesla (NASDAQ: TSLA).
