He manages the best-performing stock mutual fund of the past 25 years—here’s his top advice for investors

In investing, past performance is no guarantee of future results. But if you’re hoping to grow your money over the long term, there’s plenty to learn from investing pros who have built lengthy and impressive track records.

Earlier this year, analysts at investment research firm Morningstar identified the three mutual funds that have delivered the best performance over the 25 years that ended in 2025. The winner: Baron Opportunity Fund, which turned in a 13% annualized return. For reference, the S&P 500, a benchmark for the broad U.S. stock market, logged a 6.8% annualized return over the same period.

Source: https://www.cnbc.com/2026/03/16/michael-lippert-baron-opportunity-fund-investing-advice.html