by Al Root
Barron’s
Growth investor Ron Baron believes inflation runs hotter than most people think. He has an idea about what investors should do with that information.
At Friday’s 31st annual Baron Investment Conference at New York City’s Lincoln Center, the firm included a handout “Inflation According to Ron Baron.”
It listed price changes the Octogenarian founder of Baron Capital has experienced over the past 75-plus years for homes, cars, gasoline, college tuition, steaks, and even golf caddy fees. Inflation has averaged roughly 4.5% to 6.5% a year.
Official government statistics peg the inflation rate at about 3.5% over the same span.