Baron Capital chairman and CEO Ron Baron went on CNBC today to talk up two of his fund’s underperforming positions, Tesla Motors and Manchester United, and while he can put together a decent narrative for both companies his expectations are incredibly bullish. Baron said that he expects to get two to three times his money back on Manchester United and ten times his money back on Tesla, both of which he initiated positions on in the last two years.
Manchester United ‘the most popular television program in the world’
While the connection isn’t immediately obvious, Baron didn’t pick those two names at random. Baron Capital has 450 investments (with $28.6 billion AUM), and the top ten make up just 18%...
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