David Abrams Profile

I enjoy reading about other money managers. This one covers David Abrams of Abram's Capital. I had read about him before and found him fairly interesting. Thanks goes to Nathan.

http://media.www.whartonjournal.com/media/storage/paper201/news/2006/01/23/Insider/Abrams.Capital.On.Investment.Strategy-1492595.shtml

David Abrams recently visited campus as part of the Wharton Investment Management Club's Speaker Series. Abrams runs Abrams Capital, an investment partnership he founded in 1999 that now has $2.5 billion of assets under management. Prior to founding Abrams Capital, Abrams spent ten years at the Baupost Group, à la Seth Klarman. Since inception, Abrams Capital has achieved compounded returns to limited partners in excess of 20%.

David Abrams will tell you that studying Shakespeare and being able to distinguish cheap art from the expensive can help you to be a better investor. He will speak to you of insights and intellectualism. And he is - no wonder - a man who tries to "leave a fair amount of time everyday to read and think." Abrams is clearly and refreshingly different. He attended Penn as an undergrad, but while many of his peers were studying discounted cash flows and the efficient market hypothesis at Wharton, Abrams was working towards a degree from the College of Arts and Sciences at Penn, where literature and a deep understanding human behavior were more de rigueur.