RON BARON

We try to invest in businesses that are going to be much larger in ten years than they are today. If we're right, the stock price takes care of itself.

I've never sold Tesla shares. Not once. Because the thesis hasn't changed — if anything, it's gotten stronger.

We think the biggest risk isn't volatility — it's missing the compounding of a great business because you got scared out too early.

We invest in people as much as in businesses. The quality of the management team is often the single most important variable.

Diversification is what you do when you're not confident in your research. We do the research. Then we concentrate.

I have more than a billion dollars of my own money in these funds. I eat my own cooking, every single day.