BlackRock: Know shame and then be bold, rise up and chase. Investor Ronald Stephen Baron, of Jewish descent, has already earned $6 billion on this Tesla stock and is prepared to hold it for another ten years.

Kindness is better than being shrewd, honesty is better than being calculating, being gentle is better than being aggressive, investing is better than speculating.

Main theme: an epic rise in the market, any level of pullback is an opportunity for indiscriminate ticket buying.

BlackRock: Know shame and then be bold, rise up and chase. Investor Ronald Stephen Baron, of Jewish descent, has already earned $6 billion on this Tesla stock a...

Ronald Stephen Baron is an American mutual fund manager and the founder of Baron Capital. Baron Capital is a New York-based investment management firm that manages Baron Funds, with assets under management (AUM) of approximately $45 billion. As of July 2024, Baron's estimated net worth is $5.2 billion. Baron grew up in a Jewish family in Asbury Park, New Jersey, the son of engineer Morton Baron and his wife Marian. Baron, who earned $1,000 shoveling snow, waiting tables, lifeguarding, and selling ice cream, turned it into $4,000 through stock investments, earning him the nickname 'Baron,' which endures to this day. He studied chemistry at Bucknell University and received a scholarship to attend George Washington University Law School's evening program. His first job after graduation was at the United States Patent Office. From 1970 to 1982, Baron worked at several brokerage firms, during which he became known for investing in small companies.

Ronald Stephen Baron, the founder of Baron Capital, the twelfth largest institutional shareholder of Tesla, holds over 6 million shares of Tesla stocks (with a holding cost of only $42.88 per share), a wealthy American billionaire and investor, has already made $6 billion on this stock and is prepared to hold for another ten years.

Ronald Stephen Baron shares this story:In his management of Baron Capital, a client and friend unexpectedly passed away due to a sudden event. His account, for some reason, had remained untouched. Previously, based on buying low, selling high, with planned and step-by-step, gradient and batch, discrete random variable portfolio layout, the holding cost is surprisingly low now, while the profits are surprisingly high, outperforming the returns of accounts managed by so-called professionals and experts.

Interestingly, Ron Baron publicly stated in March of this year that Tesla will reach $1,500 by 2024 and $2,000 by 2030, while selling 1.8 million Tesla shares. At the time, Baron referred to this as a 'painful' decision, primarily to help clients balance risks. Since then, Tesla has entered a long-term adjustment, not reaching its previous high until October. Baron also stated on Wednesday that he is prepared to continue holding Tesla for 'at least ten years'.

Baron also praised Musk in the interview, admitting that about ten years ago when he first met him, he had doubts about the success of the (electric car) project.If you still have doubts now, that's a different story, you know.So, it wasn't until the company started producing the Model S that he began buying the stocks. Baron mentioned that the biggest risk for this investment is Musk's health, although there are currently no issues, but only sleeping 5 hours a day is really too short.

During the interview on Wednesday, Ron Baron was also asked about the newly proposed congressional "billionaire tax" bill, which aims to tax unrealized capital gains of the extremely wealthy. Although he himself could be a potential target for the tax, his words focused more on defending Musk.

Baron stated that it seems like those in Congress want to play Robin Hood, with Musk being the target. Tesla was not even invited to the White House's electric vehicle industry promotion meeting before. In fact, lawmakers could have generated such revenue ($30 billion) by investing resources to combat tax evasion, but they refused to do so, ultimately coming up with such a strange proposal. Similarly, this money could have helped Tesla create hundreds or even thousands of job opportunities.

Those who rely on the so-called Elliott Wave Theory and the software that tracks the block orders, feeling smug as they enter and exit trades, selling high and buying low, occasionally making a fortune, some even boasting about making money every day, are actually no different from the walking dead, wasting away the years.

The Jewish people have been well-versed since childhood:

The Bible, Old Testament, Deuteronomy.
3:22 Do not be afraid of them; for the one who fights for you is the LORD your God.
3:22 Ye shall not fear them: for the LORD your God he shall fight for you.

Do you, a foreigner, believe in nothing but yourself and money? Fame and fortune? Do you rely on your intelligence, vision, cognition, and perspective?

Encourage you to absorb more T, leap over the peak without any reason.

What belongs to the nation belongs to the world, and what belongs to the West belongs to us. We should not be stingy in thinking. Without the progress of modern science and technology, inventions and creations from Western countries, how can there be the progress of human civilization today? Especially the systematic research results in theoretical physics and mathematics from the West, for the scientific progress and cognition of the entire human race, their contributions are significant and extraordinary.

What belongs to the nation belongs to the world, and what belongs to the West belongs to us. We should not be stingy in thinking. Without the progress of modern science and technology, inventions and creations from Western countries, how can there be the progress of human civilization today? In particular, the systematic research results of the West in the field of theoretical physics and mathematics have contributed greatly to the scientific progress and cognition of the entire human race and are of great significance.

Financial gain does not come through haste.

The reason why we work hard to make money is not because money is so important! But I hope that one day, money will become unimportant! But there is a way to make money, first practice the method of making money, and then pay the power of making money, so that wealth becomes an excellent by-product, spring wind turns rain, drips into the soil; follow the vines, step by step. The most important thing to avoid when making money is impatience. The root of human nature is that you will not choose what to eat when you are hungry, and you will be unreasonable when you see meat. Once you understand the way to make money, you will have a sense of wealth in your body, and your thinking will be all about making money. Therefore, once a person attains the Tao, he can make money doing anything. People who don't make money are either impatient, left-minded, or stubborn, right?

BlackRock Inc（Blackrock, the second largest compass in Wall Street,Federal Reserve System, also known as FRS or Fed (Federal Reserve System, the Fed's exclusive operator,An American investment management company based in New York City, USA, with 70 offices in 30 countries globally, serving clients in 100 countries. Its main business is to provide investment management, risk management, and financial consulting services to entities and retail channels. Its well-known funds include Blackrock Global Funds Global Allocation Fund, Blackrock World Mining Fund, Blackrock Latin America Fund, Blackrock Emerging Europe Fund, Blackrock World Energy Fund, and Blackrock New Energy Fund. Currently, Blackrock employs 18,400 staff and manages a total asset value of $8.59 trillion in stock, fixed income, cash management, alternative investments, and real estate consulting strategies.