Billionaire investor Ron Baron is one rare active manager that has been outperforming the market since the 1980s, thanks to his eye for long-term growth. The 80-year-old investor founded Baron Capital in 1982, and 16 of his 19 mutual funds representing 98.8% of the firm's asset under management have beaten their benchmark since their inception dates. One of his oldest and biggest funds, Baron Partners Fund with $6 billion assets under management, has been the number one performing U.S.
" Similarly, Baron Capital considers stocks as representing part ownership of publicly traded businesses. "We do not think of them as 'stocks,' pieces of paper, whose share prices fluctuate daily and may or may not at any point reflect accurately the value of an underlying business," Baron said. The Baron Capital chairman and CEO has been known as a longtime bull in Tesla , a stock with a 46% weighting in the Partners fund.