Fund Eyes Those That Spend To Grow
Investor's Business Daily recently did an interview with Ron Baron, founder of the Barons Fund Family. Ron has long been a favorite money manager of ManagingMoney.com, as he puts an emphasis on "buying the business", not "trading the market". In particular, Ron is not too conservative like many value managers and is not afraid to buy growth. He is kind of like Warren Buffett on steroids. Also, Ron puts major emphasis on management. For example, he started investing in Steve Wynn businesses many years ago and has stuck with him on his new projects like Wynn Resorts (WYNN), generating nice profits for his fund investors.