Recorded at the Exchange ETF Conference in Las Vegas, host Ryan Nauman welcomes Michael Baron, co-president and portfolio manager at Baron Capital, to discuss the firm’s long-term growth investing philosophy and its expansion into ETFs. Baron explains that since 1982 the firm has focused on owning competitively advantaged businesses for years, emphasizing management quality, durable advantages, and valuations based on future earnings rather than near-term results. He describes how Baron Capital aims for consistency through market cycles by holding diversified types of growth companies. Baron outlines the rationale for launching five ETFs in December to complement their mutual fund lineup, citing investor demand for different vehicles and ETF benefits such as tax efficiency, tradability, and transparency, while keeping strategies core to the firm. He also notes mutual fund trading improvements and plans for additional ETFs.

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Learn more about Baron Capital here.

00:00 Show Intro and Disclosures

00:37 Live From ETF Exchange

01:45 Baron Capital Philosophy

05:25 Growing Up Investing

10:34 Consistency Through Cycles

15:21 Why Launch ETFs Now

17:30 Inside the Five ETFs

20:52 Mutual Funds Learnings

23:12 Where to Learn More

24:23 Closing and Subscribe

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