Part 7/9:
Baron’s unwavering conviction stems from his deep analysis and understanding of Tesla’s growth drivers. He dismisses concerns about volatility or skepticism from other investors, asserting that the best returns come from holding onto exceptional stocks like Tesla over the long term.
He also addresses the common misconception surrounding valuations, noting that owning a concentrated stake—Berland’s fund, for instance, has a 40% allocation to Tesla—may seem risky but aligns with his belief in a less than 1% chance of losing money by 2030 if current trends persist.