Ron Baron
The Visionary
The future, and what is barely possible, reads round the next corner.
Ron Baron embodies The Visionary through decade-spanning conviction, projecting Tesla triples and SpaceX returns of thirty to fifty times with the assurance of someone mapping terrain others have not yet reached. His indifference to interim price volatility is not passivity but perspective, the posture of a founder operating on a fundamentally longer horizon than his peers.
“And he owned Rides on the boardwalk and a real estate guy. And I said, boy, I want to be successful like that. But again, one hundred thousand dollars. That was a hole in money in the world and they had a $50,000 house. And so I say How do you have that?”
“In the patent office, and they had a going away lunch for me at the holiday inn, which I was laid for across the street from Crystal City in Virginia. I'm late for the lunch. I had a date, girlfriend. And as I get there and I'm late and everybody understood where I was. And so I come in, my motorcycle, and everyone started joking around.”
“He says, you know, I never thought this would work. And, you know, you were right and you hung in there and everyone was criticizing you and you believed and you were right. I was wrong and everyone else was wrong. You made congratulations on that.”
“I've sold it, but people just say, gee, how can you, don't you ever sell? What's the matter with you? So what I did in Tesla is that I said that I'm not buying stocks. I only invest in our mutual funds. And that was the commitment I made.”
Masters in Business: “Ron Baron on Investing in Tesla and SpaceX (Podcast)”
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