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Story summary
- On December 9, JPMorgan announced it would increase spending next year.
- JPMorgan's shares dropped after the announcement.
- Ron Baron, billionaire fund manager and Baron Capital founder, attributes the reaction to his strategy.
- Baron Capital allocates 10–15% to undervalued long-term-growth stocks, 30–40% to high-growth firms, and 50–55% to stable-growth companies.
- Baron Capital has generated $57 billion in profits since 1982 and projects $250 billion over the next decade.
