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Investing $10,000 in David Baron's fund 5 years ago would have returned $43,900 today thanks to a major Tesla bet. Here's why he still expects Tesla to triple from here - and 4 other stock picks...

Investing $10,000 in David Baron's fund 5 years ago would have returned $43,900 today thanks to a major Tesla bet. Here's why he still expects Tesla to triple from here - and 4 other stock picks...


Associated Press




David Baron co-manages a $745 million growth fund alongside his dad, billionaire investor Ron Baron.




The Barons made 25x on their initial Tesla investment, and David says it could triple from here.




He shares 4 picks from the portfolio that offer significant upside in the coming years.


Investors are often told to diversify to secure the best returns, but the Baron family found success in concentration.In 1982, Ron Baron launched Baron Capital with just $10 million under management. It's now a $49 billion behemoth offering 17 different funds for investors to choose from.The asset accumulation occurred as Baron became known for his ability to win big by placing long-term bets on a small set of companies.One of Baron's big winners was Tesla, which was first added to the Focused Growth fund in the third quarter of 2014 when shares traded between lows of $42 and highs of $54, adjusted for stock splits. Tesla (TSLA) now trades near $822. Baron funds haven't bought a single Tesla stock since 2016 but still made around 25 times their initial investment.
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